Retirement plan

403 B THRIFT PLAN OF MECKLENBURG COUNTY BOY SCOUTS OF AMERICA

Name: MECKLENBURG COUNTY BOY SCOUTS OF AM ERICA - 403 B THRIFT PLAN OF MECKLENBURG COUNTY BOY SCOUTS OF AMERICA (2017) Form 5500
Creator: MECKLENBURG COUNTY BOY SCOUTS OF AM ERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403 B THRIFT PLAN OF MECKLENBURG COUNTY BOY SCOUTS OF AMERICA, MECKLENBURG COUNTY BOY SCOUTS OF AM ERICA

MECKLENBURG COUNTY BOY SCOUTS OF AM ERICAEIN 56-0529957Plan #003PY 2017

1410 E 7TH ST - CHARLOTTE, NC 282042408704-333-5471mecknc.govLinkedIn5001-10000 employeesgovernment administration

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+2.8% from 2016

Total participants

+21.1% from 2016

Average account balance

$102,797

-2.4% from 2016

Annual return

15.11%

+7.02 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$151K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.24%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$6492

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2S2T2L2G3H

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$355K

$20893 / participant

Other / not subdivided$355K100.0%

% of EOY assets

17.276%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,797

$99,011+3.8%

$86,582+18.7%

$147,586-30.3%

Participation rate

82.4%

76.3%+6.0pp

73.5%+8.8pp

82.8%-0.5pp

Annual return

15.11%

1312.75%-1297.6pp

965.08%-950.0pp

578.59%-563.5pp

Employer contribution / active EE

$1,516

$3,132-51.6%

$2,839-46.6%

$4,876-68.9%

Participant deferral / active EE

$4,837

$3,972+21.8%

$3,609+34.0%

$5,439-11.1%

Admin fee / account holder

$17,759

$5,709+211.1%

$4,904+262.1%

$10,886+63.1%

403 B THRIFT PLAN OF MECKLENBURG COUNTY BOY SCOUTS OF AMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403 B THRIFT PLAN OF MECKLENBURG COUNTY BOY SCOUTS OF AMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion