Retirement plan

CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN

Name: CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION - CHARLOTTE MECKLENBURG PUBLIC ACCESS CORPORATION 401(K) PLAN (2018) 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 2018

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

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$239K

-2.3% from 2017

Total participants

-18.2% from 2017

Average account balance

$59,646

+22.1% from 2017

Annual return

-8.31%

-28.94 pp from 2017

Benchmarks

See 8,369 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,369 peers

Snapshot2018

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

$19 / participant

Other / not subdivided$150100.0%

% of EOY assets

0.063%

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

$59,646

$97,020-38.5%

$83,327-28.4%

$135,380-55.9%

Participation rate

37.5%

80.4%-42.9pp

77.8%-40.3pp

82.6%-45.1pp

Annual return

-8.31%

12.31%-20.6pp

10.64%-18.9pp

519.81%-528.1pp

Employer contribution / active EE

$749

$4,144-81.9%

$3,379-77.8%

$4,779-84.3%

Participant deferral / active EE

$1,083

$5,964-81.8%

$5,565-80.5%

$5,609-80.7%

Admin fee / account holder

$38

$8,426-99.6%

$7,540-99.5%

$10,828-99.7%

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