Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTHWEST GEORGIA PROJECT FOR COMMUNITY EDUCATION, INC.

Name: SOUTHWEST GEORGIA PROJECT FOR - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTHWEST GEORGIA PROJECT FOR COMMUNITY EDUCATION, INC. (2024) Form 5500
Creator: SOUTHWEST GEORGIA PROJECT FOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTHWEST GEORGIA PROJECT FOR COMMUNITY EDUCATION, INC., SOUTHWEST GEORGIA PROJECT FOR

SOUTHWEST GEORGIA PROJECT FOREIN 58-1172475Plan #001PY 2024

1216 DAWSON RD STE 108 - ALBANY, GA 317073867229-430-9870swgafarmcredit.comLinkedIn51-200 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$123K

+19.2% from 2023

Total participants

-5.9% from 2023

Average account balance

$10,220

+29.2% from 2023

Annual return

11.03%

-4.77 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$123K

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$715

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 codes2F2G2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$9K

$572 / participant

Other / not subdivided$9K100.0%

% of EOY assets

6.992%

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

$10,220

$88,815-88.5%

$81,882-87.5%

$145,897-93.0%

Participation rate

73.3%

75.1%-1.7pp

72.4%+0.9pp

80.3%-7.0pp

Annual return

11.03%

1033.75%-1022.7pp

779.47%-768.4pp

552.29%-541.3pp

Employer contribution / active EE

$410

$3,086-86.7%

$2,916-86.0%

$4,663-91.2%

Participant deferral / active EE

$722

$4,647-84.5%

$4,323-83.3%

$6,689-89.2%

Admin fee / account holder

$715

$8,434-91.5%

$7,360-90.3%

$13,390-94.7%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTHWEST GEORGIA PROJECT FOR COMMUNITY EDUCATION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF SOUTHWEST GEORGIA PROJECT FOR COMMUNITY EDUCATION, INC.

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