Retirement plan

CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN

Name: CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION - CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN (2017) Form 5500
Creator: CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN, CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION

CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATIONEIN 56-2199646Plan #001PY 2017

613 CALVERT STREET - CHARLOTTE, NC 28208704-377-8988LinkedIn11-50 employeesbroadcast media

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$244K

+28.5% from 2016

Total participants

+10.0% from 2016

Average account balance

$48,844

+28.5% from 2016

Annual return

20.63%

+11.58 pp from 2016

Benchmarks

See 8,045 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,045 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$481K

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

23.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1180

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 codes2F2G2J2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$150

$17 / participant

Other / not subdivided$150100.0%

% of EOY assets

0.061%

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

$48,844

$105,856-53.9%

$90,161-45.8%

$147,586-66.9%

Participation rate

33.3%

79.7%-46.4pp

76.9%-43.5pp

82.8%-49.5pp

Annual return

20.63%

37.63%-17.0pp

34.89%-14.3pp

578.59%-558.0pp

Employer contribution / active EE

$683

$4,126-83.5%

$3,318-79.4%

$4,876-86.0%

Participant deferral / active EE

$988

$5,733-82.8%

$5,287-81.3%

$5,439-81.8%

Admin fee / account holder

$30

$8,046-99.6%

$5,943-99.5%

$10,886-99.7%

CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN

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