Retirement plan

GEORGIA CENTER FOR OPPORTUNITY, INC. 401(K) PLAN

Name: GEORGIA CENTER FOR OPPORTUNITY, INC. - GEORGIA CENTER FOR OPPORTUNITY, INC. 401(K) PLAN (2024) Form 5500
Creator: GEORGIA CENTER FOR OPPORTUNITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEORGIA CENTER FOR OPPORTUNITY, INC. 401(K) PLAN, GEORGIA CENTER FOR OPPORTUNITY, INC.

GEORGIA CENTER FOR OPPORTUNITY, INC.EIN 58-1928520Plan #001PY 2024

5051 PEACHTREE CORNERS CIRCLE, SUITE 200 - PEACHTREE CORNERS, GA 30092770-242-0001foropportunity.orgLinkedIn11-50 employeesthink tanks

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$793K

+29.4% from 2023

Total participants

-4.3% from 2023

Average account balance

$56,624

+29.4% from 2023

Annual return

12.24%

-7.07 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

$793K

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1565

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 codes2E2F2J2T3D

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).
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$22K

$1217 / participant

Other / not subdivided$22K100.0%

% of EOY assets

2.764%

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

$56,624

$88,815-36.2%

$81,882-30.8%

$145,897-61.2%

Participation rate

55.6%

75.1%-19.5pp

72.4%-16.8pp

80.3%-24.8pp

Annual return

12.24%

1033.75%-1021.5pp

779.47%-767.2pp

552.29%-540.1pp

Employer contribution / active EE

$2,486

$3,086-19.4%

$2,916-14.7%

$4,663-46.7%

Participant deferral / active EE

$4,569

$4,647-1.7%

$4,323+5.7%

$6,689-31.7%

Admin fee / account holder

$1,565

$8,434-81.4%

$7,360-78.7%

$13,390-88.3%

GEORGIA CENTER FOR OPPORTUNITY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEORGIA CENTER FOR OPPORTUNITY, INC. 401(K) 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