Retirement plan

MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN

Name: MID-CUMBERLAND COMMUNITY - MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN (2021) 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 2021

3735 N MT JULIET RD., STE. 104 - MT. JULIET, TN 37122615-742-1113midcumberland.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.3M

+18.5% from 2020

Total participants

177

+92.4% from 2020

Average account balance

$19,430

-39.0% from 2020

Annual return

12.49%

+6.24 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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 9 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$12,928
OHIO NATIONAL INSURANCE AGENCY INC7+ years Filed as: OHIO NATIONAL INS AGENCY INC Service code 53 · EIN 32-0071428	Insurance Commissions	$5,315
ALLSPRING1 year Service code 52 · EIN 84-6615098	Indirect Investment Fees	$0
AMERICAN CENTURY4 years Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 84-1073463	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$13K

$90 / participant

Investment mgmt$11K82.8%
Contract admin$2K17.2%

% of EOY assets

0.394%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STONE, RUDOLPH, AND HENRY
Auditor EIN: 620811623
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,430

$63,768-69.5%

$98,483-80.3%

$79,391-75.5%

Participation rate

94.4%

69.9%+24.6pp

73.3%+21.1pp

70.7%+23.7pp

Annual return

12.49%

626.18%-613.7pp

1494.38%-1481.9pp

116.88%-104.4pp

Employer contribution / active EE

$1,448

$2,558-43.4%

$2,961-51.1%

$2,428-40.4%

Participant deferral / active EE

$1,171

$3,305-64.6%

$4,276-72.6%

$4,046-71.1%

Admin fee / account holder

$76

$516-85.2%

$5,953-98.7%

$627-87.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$12,928

OHIO NATIONAL INSURANCE AGENCY INC7+ years

Filed as: OHIO NATIONAL INS AGENCY INC

Service code 53 · EIN 32-0071428

Insurance Commissions

$5,315

ALLSPRING1 year

Service code 52 · EIN 84-6615098

Indirect Investment Fees

AMERICAN CENTURY4 years

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-2573775

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 84-1073463

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

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