Retirement plan

THE ARC OF SOUTHWEST GEORGIA 401(K) PROFIT SHARING PLAN

Name: THE ARC OF SOUTHWEST GEORGIA - THE ARC OF SOUTHWEST GEORGIA 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: THE ARC OF SOUTHWEST GEORGIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARC OF SOUTHWEST GEORGIA 401(K) PROFIT SHARING PLAN, THE ARC OF SOUTHWEST GEORGIA

THE ARC OF SOUTHWEST GEORGIAEIN 58-1234047Plan #001PY 2022

PO BOX 71026 - ALBANY, GA 31708229-888-6852thearcswga.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$1M

-23.9% from 2021

Total participants

207

-6.3% from 2021

Average account balance

$14,698

-16.2% from 2021

Annual return

-11.30%

-39.16 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.13M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

30.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$383

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

+9.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2311

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

Top 6 by compensation

Provider	Service type	Compensation
WRIGHT RETIREMENT SERVICES, LLC1 year Service code 13 PO BOX 5385 · VALDOSTA, GA 316035385	Contract Administrator	$7,199
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 1NORTH JEFFERSON AVE · ST. LOUIS, MO 63103	Advisory (Plan)	$4,319
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,889
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INS SERVICES INC Service code 13 28126 NETWORK PLACE · CHICAGO, IL 606731281	Contract Administrator	$515
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$221
JOHN HANCOCK LIFE INSURANCE COMPANY7+ years Service code 15 · EIN 01-0233346	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

3 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$50 / participant

Contract admin$9K100.0%

% of EOY assets

0.934%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DRAFFIN & TUCKER, LLP
Auditor EIN: 580914992
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,698

$65,083-77.4%

$143,788-89.8%

$66,930-78.0%

Participation rate

26.6%

65.2%-38.6pp

80.3%-53.7pp

69.8%-43.2pp

Annual return

-11.30%

-11.13%-0.2pp

-0.03%-11.3pp

1.57%-12.9pp

Employer contribution / active EE

$215

$2,361-90.9%

$4,952-95.7%

$2,545-91.6%

Participant deferral / active EE

$317

$2,920-89.1%

$5,638-94.4%

$4,238-92.5%

Admin fee / account holder

$137

$502-72.7%

$14,675-99.1%

$593-76.9%

Provider

Service type

Compensation

WRIGHT RETIREMENT SERVICES, LLC1 year

Service code 13

PO BOX 5385 · VALDOSTA, GA 316035385

Contract Administrator

$7,199

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS FIN NETWORK

Service code 27

1NORTH JEFFERSON AVE · ST. LOUIS, MO 63103

Advisory (Plan)

$4,319

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,889

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INS SERVICES INC

Service code 13

28126 NETWORK PLACE · CHICAGO, IL 606731281

Contract Administrator

$515

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$221

JOHN HANCOCK LIFE INSURANCE COMPANY7+ years

Service code 15 · EIN 01-0233346

Recordkeeping

THE ARC OF SOUTHWEST GEORGIA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARC OF SOUTHWEST GEORGIA 401(K) PROFIT SHARING 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