Retirement plan

CALVARY BAPTIST CHURCH OF SIMPSONVILLE RETIREMENT PLAN

Name: CALVARY BAPTIST CHURCH OF SIMPSONVILLE - CALVARY BAPTIST CHURCH OF SIMPSONVILLE RETIREMENT PLAN (2020) Form 5500
Creator: CALVARY BAPTIST CHURCH OF SIMPSONVILLE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALVARY BAPTIST CHURCH OF SIMPSONVILLE RETIREMENT PLAN, CALVARY BAPTIST CHURCH OF SIMPSONVILLE

CALVARY BAPTIST CHURCH OF SIMPSONVILLEEIN 57-0852926Plan #001PY 2020

3810 GRANDVIEW DRIVE - SIMPSONVILLE, SC 29680864-967-7803calvarysimpsonville.orgLinkedIn1-10 employeesreligious institutions

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$106K

+33.9% from 2019

Total participants

-12.8% from 2019

Average account balance

$21,296

+33.9% from 2019

Annual return

16.80%

-7.33 pp from 2019

Benchmarks

See 8,772 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,772 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$185K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

11.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$473

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

+15.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6736

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.

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

$21,296

$60,119-64.6%

$90,430-76.5%

$79,858-73.3%

Participation rate

14.7%

65.0%-50.3pp

72.7%-58.0pp

69.6%-54.9pp

Annual return

16.80%

71.94%-55.1pp

1293.73%-1276.9pp

31.72%-14.9pp

Employer contribution / active EE

$300

$2,068-85.5%

$3,262-90.8%

$2,471-87.8%

Participant deferral / active EE

$100

$2,938-96.6%

$3,963-97.5%

$3,740-97.3%

Admin fee / account holder

$3,976-100.0%

$5,613-100.0%

$5,306-100.0%

CALVARY BAPTIST CHURCH OF SIMPSONVILLE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CALVARY BAPTIST CHURCH OF SIMPSONVILLE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion