Retirement plan

CHATTANOOGA NEIGHBORHOOD ENTERPRISE, INC. SECTION 403(B) PLAN

Name: CHATTANOOGA NEIGHBORHOOD ENTERPRISE - CHATTANOOGA NEIGHBORHOOD ENTERPRISE, INC. SECTION 403(B) PLAN (2019) Form 5500
Creator: CHATTANOOGA NEIGHBORHOOD ENTERPRISE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHATTANOOGA NEIGHBORHOOD ENTERPRISE, INC. SECTION 403(B) PLAN, CHATTANOOGA NEIGHBORHOOD ENTERPRISE

CHATTANOOGA NEIGHBORHOOD ENTERPRISEEIN 62-1300726Plan #001PY 2019

1500 CHESTNUT STREET, SUITE A - CHATTANOOGA, TN 37408423-756-6201cnienc.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+20.9% from 2018

Total participants

+18.5% from 2018

Average account balance

$37,325

+2.0% from 2018

Annual return

17.25%

+20.49 pp from 2018

Benchmarks

See 104,312 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,312 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.23M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

245.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$188K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$687

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 codes2F2G2L2M2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

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

$111K

$5572 / participant

Other / not subdivided$111K100.0%

% of EOY assets

9.330%

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

$37,325

$202,345-81.6%

$172,755-78.4%

$152,885-75.6%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

17.25%

1029.77%-1012.5pp

802.94%-785.7pp

345.39%-328.1pp

Employer contribution / active EE

$2,395

$5,858-59.1%

$5,144-53.4%

$4,763-49.7%

Participant deferral / active EE

$4,856

$5,948-18.4%

$5,198-6.6%

$5,851-17.0%

Admin fee / account holder

$3,483

$17,111-79.6%

$13,955-75.0%

$11,598-70.0%

CHATTANOOGA NEIGHBORHOOD ENTERPRISE, INC. SECTION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHATTANOOGA NEIGHBORHOOD ENTERPRISE, INC. SECTION 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