Retirement plan

EMPLOYEE BENEFIT PLAN OF FULTON-ATLANTA COMMUNITY ACTION AUTHORITY

Name: FULTON-ATLANTA COMMUNITY ACTION - EMPLOYEE BENEFIT PLAN OF FULTON-ATLANTA COMMUNITY ACTION AUTHORITY (2023) Form 5500
Creator: FULTON-ATLANTA COMMUNITY ACTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FULTON-ATLANTA COMMUNITY ACTION AUTHORITY, FULTON-ATLANTA COMMUNITY ACTION

FULTON-ATLANTA COMMUNITY ACTIONEIN 58-1926185Plan #002PY 2023

341 KELLY STREET SE - ATLANTA, GA 30312404-320-0166

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$677K

+31.6% from 2022

Total participants

-4.0% from 2022

Average account balance

$30,767

+49.5% from 2022

Annual return

4.08%

+21.93 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$784K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+5.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6862

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$21K

$1585 / participant

Other / not subdivided$21K100.0%

% of EOY assets

3.045%

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

$30,767

$175,231-82.4%

$149,696-79.4%

$139,466-77.9%

Participation rate

84.6%

83.4%+1.2pp

78.8%+5.8pp

80.3%+4.3pp

Annual return

4.08%

166.77%-162.7pp

134.46%-130.4pp

373.66%-369.6pp

Employer contribution / active EE

$1,764

$5,478-67.8%

$4,821-63.4%

$4,754-62.9%

Participant deferral / active EE

$2,967

$6,521-54.5%

$5,682-47.8%

$6,712-55.8%

Admin fee / account holder

$937

$16,155-94.2%

$13,212-92.9%

$11,409-91.8%

EMPLOYEE BENEFIT PLAN OF FULTON-ATLANTA COMMUNITY ACTION AUTHORITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FULTON-ATLANTA COMMUNITY ACTION AUTHORITY

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