Retirement plan

MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN

Name: MID-CUMBERLAND COMMUNITY ACTION AGENCY, INC. - MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN (2024) Form 5500
Creator: MID-CUMBERLAND COMMUNITY ACTION AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN, MID-CUMBERLAND COMMUNITY ACTION AGENCY, INC.

MID-CUMBERLAND COMMUNITY ACTION AGENCY, INC.EIN 62-0859072Plan #001PY 2024

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

+14.6% from 2023

Total participants

246

+15.0% from 2023

Average account balance

$17,974

-4.1% from 2023

Annual return

14.18%

-2.65 pp from 2023

Benchmarks

See 2,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,058 peers

Snapshot2024

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 2 by compensation

Provider	Service type	Compensation
RENASANT BANK3 years Service code 21 209 TROY ST · TUPELO, MS 38802	Bank Trustee	$36,477
EPIC RETIREMENT PLAN SERVICES3 years Service code 15 · EIN 16-1450952	Recordkeeping	$6,248

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$212 / participant

Recordkeeping$6K14.6%
Trustee / custodial$36K85.4%

% of EOY assets

1.020%

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

$17,974

$60,393-70.2%

$81,820-78.0%

$74,429-75.9%

Participation rate

93.6%

62.9%+30.7pp

72.4%+21.2pp

67.2%+26.3pp

Annual return

14.18%

16.89%-2.7pp

777.93%-763.8pp

1368.38%-1354.2pp

Employer contribution / active EE

$1,776

$2,626-32.4%

$2,915-39.1%

$2,625-32.3%

Participant deferral / active EE

$1,207

$3,397-64.5%

$4,323-72.1%

$4,348-72.2%

Admin fee / account holder

$183

$1,491-87.7%

$7,391-97.5%

$1,944-90.6%

Provider

Service type

Compensation

RENASANT BANK3 years

Service code 21

209 TROY ST · TUPELO, MS 38802

Bank Trustee

$36,477

EPIC RETIREMENT PLAN SERVICES3 years

Service code 15 · EIN 16-1450952

Recordkeeping

$6,248

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