Retirement plan

COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC. TAX DEFERRED ANNUITY PLAN

Name: COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC. - COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC. TAX DEFERRED ANNUITY PLAN (2017) Form 5500
Creator: COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC. TAX DEFERRED ANNUITY PLAN, COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC.

COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC.EIN 58-0973468Plan #002PY 2017

P.O. BOX 2016 - BRUNSWICK, GA 31521912-264-3281LinkedIn1-10 employeescivic & social organization

Prospect flagsLow returnsLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.5M

-8.9% from 2016

Total participants

172

+29.3% from 2016

Average account balance

$25,645

-73.4% from 2016

Annual return

7.82%

+5.32 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.68M

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.

28.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

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

+8.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$423

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$27,883
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$8,124
MY BENEFITS, LLC2+ years Service code 13 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$2,600
FIRST PARTY ADMINISTRATOR, LLC2+ years Service code 13 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$2,150
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55	Other Commissions	$223
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$118

Plan features & details

Pension benefit codes2L2K2F2G

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$27K

$236 / participant

Contract admin$27K100.0%

% of EOY assets

0.773%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLAUSELL & ASSOCIATES, CPA'S, PC
Auditor EIN: 581798795
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,645

$55,453-53.8%

$170,435-85.0%

$62,293-58.8%

Participation rate

69.6%

66.4%+3.2pp

83.6%-14.0pp

69.5%0pp

Annual return

7.82%

21.38%-13.6pp

205.94%-198.1pp

28.90%-21.1pp

Employer contribution / active EE

$735

$2,164-66.0%

$5,432-86.5%

$2,042-64.0%

Participant deferral / active EE

$1,195

$2,303-48.1%

$4,939-75.8%

$3,169-62.3%

Admin fee / account holder

$198

$455-56.4%

$13,881-98.6%

$479-58.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$27,883

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Other Commissions

$8,124

MY BENEFITS, LLC2+ years

Service code 13

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$2,600

FIRST PARTY ADMINISTRATOR, LLC2+ years

Service code 13

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$2,150

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

Other Commissions

$223

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$118

COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC. TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COASTAL GEORGIA AREA COMMUNITY ACTION AUTHORITY, INC. TAX DEFERRED ANNUITY 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