Retirement plan

403(B) THRIFT PLAN OF PARTNERSHIP FOR COMMUNITY ACTION, INC.

Name: PARTNERSHIP FOR COMMUNITY ACTION, INC. - 403(B) THRIFT PLAN OF PARTNERSHIP FOR COMMUNITY ACTION, INC. (2021) Form 5500
Creator: PARTNERSHIP FOR COMMUNITY ACTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF PARTNERSHIP FOR COMMUNITY ACTION, INC., PARTNERSHIP FOR COMMUNITY ACTION, INC.

PARTNERSHIP FOR COMMUNITY ACTION, INC.EIN 58-6049575Plan #001PY 2021

3597 COVINGTON HWY - DECATUR, GA 300321848404-929-2500LinkedIn201-500 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+11.1% from 2020

Total participants

-2.5% from 2020

Average account balance

$35,799

+11.1% from 2020

Annual return

13.03%

+3.51 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.10M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

143.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$103K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3504

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$179K

$2756 / participant

Other / not subdivided$179K100.0%

% of EOY assets

7.047%

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

$35,799

$65,434-45.3%

$98,483-63.6%

$85,847-58.3%

Participation rate

90.8%

65.0%+25.8pp

73.3%+17.4pp

69.3%+21.5pp

Annual return

13.03%

21.75%-8.7pp

1494.38%-1481.4pp

318.61%-305.6pp

Employer contribution / active EE

$1,013

$2,169-53.3%

$2,961-65.8%

$2,565-60.5%

Participant deferral / active EE

$1,039

$3,168-67.2%

$4,276-75.7%

$3,952-73.7%

Admin fee / account holder

$2,523

$4,595-45.1%

$5,953-57.6%

$6,261-59.7%

403(B) THRIFT PLAN OF PARTNERSHIP FOR COMMUNITY ACTION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF PARTNERSHIP FOR COMMUNITY ACTION, 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