Retirement plan

MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN

Name: MID-CUMBERLAND COMMUNITY - MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN (2015) Form 5500
Creator: MID-CUMBERLAND COMMUNITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN, MID-CUMBERLAND COMMUNITY

MID-CUMBERLAND COMMUNITYEIN 62-0859072Plan #001PY 2015

233 LEGENDS DR., P.O. BOX 310 - LEBANON, TN 37088615-742-1113midcumberland.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$4M

No prior year

Total participants

195

No prior year

Average account balance

$24,019

No prior year

Annual return

-0.86%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.19M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

233

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$602K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
OHIO NATIONAL INSURANCE AGENCY INC1+ years Filed as: OHIO NATIONAL INS AGENCY INC Service code 53 · EIN 32-0071428	Insurance Commissions	$16,177
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$11,451
MUTUAL OF AMERICA INVESTMENT CORP1+ years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399	Recordkeeping and information managem...	$540

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$12K

$61 / participant

Investment mgmt$7K59.0%
Contract admin$5K39.7%
Other / not subdivided$1501.3%

% of EOY assets

0.293%

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: STONE, RUDOLPH & HENRY, PLC
Auditor EIN: 620811623
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,019

$41,854-42.6%

$73,836-67.5%

$52,331-54.1%

Participation rate

84.2%

66.2%+18.0pp

73.4%+10.8pp

68.1%+16.1pp

Annual return

-0.86%

2.11%-3.0pp

2268.06%-2268.9pp

4.54%-5.4pp

Employer contribution / active EE

$1,098

$1,920-42.8%

$2,787-60.6%

$1,882-41.7%

Participant deferral / active EE

$642

$2,498-74.3%

$3,583-82.1%

$3,022-78.8%

Admin fee / account holder

$70

$493-85.7%

$4,882-98.6%

$592-88.1%

Provider

Service type

Compensation

OHIO NATIONAL INSURANCE AGENCY INC1+ years

Filed as: OHIO NATIONAL INS AGENCY INC

Service code 53 · EIN 32-0071428

Insurance Commissions

$16,177

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$11,451

MUTUAL OF AMERICA INVESTMENT CORP1+ years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 12 · EIN 13-1614399

Recordkeeping and information managem...

$540

MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-CUMBERLAND COMMUNITY ACTION AGENCY 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