Retirement plan

BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA PENSION PLAN

Name: BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA - BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA PENSION PLAN (2020) Form 5500
Creator: BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA PENSION PLAN, BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA

BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINAEIN 56-2525793Plan #001PY 2020

PO BOX 176 - OXFORD, NC 27565919-690-0036bgcncnc.comLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$112K

+23.9% from 2019

Total participants

+13.0% from 2019

Average account balance

$4,646

-12.2% from 2019

Annual return

15.70%

-2.77 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

$121K

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

64.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$366

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2949

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$6K

$253 / participant

Other / not subdivided$6K100.0%

% of EOY assets

5.219%

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

$4,646

$100,895-95.4%

$90,430-94.9%

$158,950-97.1%

Participation rate

91.3%

75.0%+16.3pp

72.7%+18.6pp

82.0%+9.3pp

Annual return

15.70%

1725.54%-1709.8pp

1293.73%-1278.0pp

302.91%-287.2pp

Employer contribution / active EE

$565

$3,689-84.7%

$3,262-82.7%

$4,762-88.1%

Participant deferral / active EE

$4,347-100.0%

$3,963-100.0%

$5,983-100.0%

Admin fee / account holder

$243

$6,505-96.3%

$5,613-95.7%

$11,248-97.8%

BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOYS & GIRLS CLUBS OF NORTH CENTRAL NORTH CAROLINA PENSION 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