Retirement plan

COUNCIL ON AGING OF VOLUSIA COUNTY, INC. 403(B) PLAN

Name: COUNCIL ON AGING OF VOLUSIA COUNTY, INC. - COUNCIL ON AGING OF VOLUSIA COUNTY, INC. 403(B) PLAN (2020) Form 5500
Creator: COUNCIL ON AGING OF VOLUSIA COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COUNCIL ON AGING OF VOLUSIA COUNTY, INC. 403(B) PLAN, COUNCIL ON AGING OF VOLUSIA COUNTY, INC.

COUNCIL ON AGING OF VOLUSIA COUNTY, INC.EIN 59-1160221Plan #001PY 2020

420 FENTRESS BOULEVARD - DAYTONA BEACH, FL 32114386-253-4700coavolusia.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1.8M

+13.3% from 2019

Total participants

127

-18.6% from 2019

Average account balance

$20,701

+22.7% from 2019

Annual return

12.78%

-16.23 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.64M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$221K

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

+14.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1359

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 2 by compensation

Provider	Service type	Compensation
ASHFORD/BERT REAMES6+ years Service code 27 · EIN 59-3431998	Advisory (Plan)	$10,290
RETIREMENT PLANNERS & ADMINISTRATOR6+ years Service code 15 · EIN 62-1038805	Recordkeeping	$8,040

Plan features & details

Pension benefit codes2E2F2G2K2M2T3D2S

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$170 / participant

Investment mgmt$10K56.1%
Contract admin$8K43.9%

% of EOY assets

1.042%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RAPOSA PERRY YOUNG
Auditor EIN: 464283329
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,701

$58,888-64.8%

$178,499-88.4%

$73,493-71.8%

Participation rate

61.1%

66.2%-5.1pp

81.9%-20.8pp

70.7%-9.6pp

Annual return

12.78%

24.86%-12.1pp

151.10%-138.3pp

28.51%-15.7pp

Employer contribution / active EE

$339

$2,236-84.8%

$5,011-93.2%

$2,270-85.1%

Participant deferral / active EE

$988

$2,568-61.5%

$5,202-81.0%

$3,740-73.6%

Admin fee / account holder

$216

$400-46.1%

$13,986-98.5%

$513-58.0%

Provider

Service type

Compensation

ASHFORD/BERT REAMES6+ years

Service code 27 · EIN 59-3431998

Advisory (Plan)

$10,290

RETIREMENT PLANNERS & ADMINISTRATOR6+ years

Service code 15 · EIN 62-1038805

Recordkeeping

$8,040

COUNCIL ON AGING OF VOLUSIA COUNTY, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COUNCIL ON AGING OF VOLUSIA COUNTY, INC. 403(B) 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