Retirement plan

403(B) THRIFT PLAN OF COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC.

Name: COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC. - 403(B) THRIFT PLAN OF COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC. (2020) Form 5500
Creator: COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC., COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC.

COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC.EIN 56-1330792Plan #001PY 2020

401 N MAIN ST FL 3 - HENDERSONVILLE, NC 287924912828-697-6224cfhcforever.orgLinkedIn1-10 employeesphilanthropy

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-5.8% from 2019

Total participants

0.0% from 2019

Average account balance

$77,566

-5.8% from 2019

Annual return

3.08%

-1.25 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.86M

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.

316.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$94K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1861

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 codes2F2G2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$216K

$27017 / participant

Other / not subdivided$216K100.0%

% of EOY assets

19.904%

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

$77,566

$100,895-23.1%

$90,430-14.2%

$158,950-51.2%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

3.08%

1725.54%-1722.5pp

1293.73%-1290.6pp

302.91%-299.8pp

Employer contribution / active EE

$5,921

$3,689+60.5%

$3,262+81.5%

$4,762+24.3%

Participant deferral / active EE

$8,227

$4,347+89.2%

$3,963+107.6%

$5,983+37.5%

Admin fee / account holder

$15,439

$6,505+137.3%

$5,613+175.0%

$11,248+37.3%

403(B) THRIFT PLAN OF COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF COMMUNITY FOUNDATION OF HENDERSON COUNTY, INC.

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