Retirement plan

TALLADEGA CLAY RANDOLPH CHILD CARE CORP. 401(K) PROFIT SHARING PLAN

Name: TALLADEGA CLAY RANDOLPH CHILD CARE CORP. - TALLADEGA CLAY RANDOLPH CHILD CARE CORP. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: TALLADEGA CLAY RANDOLPH CHILD CARE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TALLADEGA CLAY RANDOLPH CHILD CARE CORP. 401(K) PROFIT SHARING PLAN, TALLADEGA CLAY RANDOLPH CHILD CARE CORP.

TALLADEGA CLAY RANDOLPH CHILD CARE CORP.EIN 63-0644300Plan #002PY 2020

925 NORTH ST EAST - TALLADEGA, AL 35160256-362-1390LinkedIn1-10 employeesindividual & family services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$5M

+10.7% from 2019

Total participants

413

-5.9% from 2019

Average account balance

$22,217

+17.7% from 2019

Annual return

13.21%

-8.70 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.37M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

294

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.

48.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$557K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 · EIN 31-4156830	Recordkeeping	$33,416
BENEFIT PROFESSIONALS, INC.6+ years Filed as: BENEFIT PROFESSIONALS INC. Service code 17 · EIN 90-1118690	Pension Consulting	$17,989
CENTAURUS FINANCIAL INC6+ years Filed as: CENTAURUS FINANCIAL INC. Service code 17 2300 E KATELLA AVE STE 200 · ANAHEIM, CA 92806	Pension Consulting	$15,071
LEGG MASON3 years Service code 15	Recordkeeping	$1,736

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

Expense breakdown

Schedule H Part II

Admin total

$9K

$23 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.180%

all-in expense ratio

Categories reported

0 / 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: BMSS, LLC
Auditor EIN: 461498870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,217

$52,293-57.5%

$178,499-87.6%

$73,412-69.7%

Participation rate

51.8%

65.3%-13.6pp

81.9%-30.2pp

72.2%-20.4pp

Annual return

13.21%

34.75%-21.5pp

151.10%-137.9pp

59.30%-46.1pp

Employer contribution / active EE

$345

$1,735-80.1%

$5,011-93.1%

$2,234-84.6%

Participant deferral / active EE

$504

$2,332-78.4%

$5,202-90.3%

$3,806-86.7%

Admin fee / account holder

$40

$127-68.6%

$13,986-99.7%

$158-74.7%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$33,416

BENEFIT PROFESSIONALS, INC.6+ years

Filed as: BENEFIT PROFESSIONALS INC.

Service code 17 · EIN 90-1118690

Pension Consulting

$17,989

CENTAURUS FINANCIAL INC6+ years

Filed as: CENTAURUS FINANCIAL INC.

Service code 17

2300 E KATELLA AVE STE 200 · ANAHEIM, CA 92806

Pension Consulting

$15,071

LEGG MASON3 years

Service code 15

Recordkeeping

$1,736

TALLADEGA CLAY RANDOLPH CHILD CARE CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TALLADEGA CLAY RANDOLPH CHILD CARE CORP. 401(K) PROFIT SHARING 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