Retirement plan

403(B)THRIFT PLAN FOR EMPLOYEES OF NORTH CAROLINA FEDERATION, INC.

Name: NORTH CAROLINA COASTAL FEDERATION - 403(B)THRIFT PLAN FOR EMPLOYEES OF NORTH CAROLINA FEDERATION, INC. (2023) Form 5500
Creator: NORTH CAROLINA COASTAL FEDERATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B)THRIFT PLAN FOR EMPLOYEES OF NORTH CAROLINA FEDERATION, INC., NORTH CAROLINA COASTAL FEDERATION

NORTH CAROLINA COASTAL FEDERATIONEIN 58-1494098Plan #001PY 2023

3609 HIGHWAY 24 - NEWPORT, NC 285705509252-393-8185nccoast.orgLinkedIn11-50 employeesenvironmental services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+60.3% from 2022

Total participants

0.0% from 2022

Average account balance

$108,334

+60.3% from 2022

Annual return

19.76%

+40.61 pp from 2022

Benchmarks

See 4,420 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,420 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.28M

Not enough data

1 years with asset history on file

Average account balance

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

$714K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+20.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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 codes2G3D2J

Plan features

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.
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

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

$232K

$7491 / participant

Other / not subdivided$232K100.0%

% of EOY assets

6.915%

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

$108,334

$46,599+132.5%

$64,101+69.0%

$75,173+44.1%

Participation rate

100.0%

65.9%+34.1pp

72.3%+27.7pp

67.2%+32.8pp

Annual return

19.76%

26.06%-6.3pp

33.72%-14.0pp

160.72%-141.0pp

Employer contribution / active EE

$2,900

$1,975+46.8%

$2,749+5.5%

$2,671+8.6%

Participant deferral / active EE

$6,726

$2,837+137.1%

$3,881+73.3%

$4,126+63.0%

Admin fee / account holder

$7,491

$2,956+153.4%

$3,070+144.0%

$5,651+32.6%

403(B)THRIFT PLAN FOR EMPLOYEES OF NORTH CAROLINA FEDERATION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B)THRIFT PLAN FOR EMPLOYEES OF NORTH CAROLINA FEDERATION, 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