Retirement plan

CHAMBERS TALLAPOOSA COOSA COMMUNITY ACTION COMMITTEE INC 401(K) PENSION PLAN

Name: COMMUNITY ACTION COMMITTEE, IN - CHAMBERS TALLAPOOSA COOSA COMMUNITY ACTION COMMITTEE INC 401(K) PENSION PLAN (2024) Form 5500
Creator: COMMUNITY ACTION COMMITTEE, IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHAMBERS TALLAPOOSA COOSA COMMUNITY ACTION COMMITTEE INC 401(K) PENSION PLAN, COMMUNITY ACTION COMMITTEE, IN

COMMUNITY ACTION COMMITTEE, INEIN 63-0740961Plan #001PY 2024

170 SOUTH BROADNAX STREET - DADEVILLE, AL 36853256-825-4287LinkedIn1-10 employeeseducation management

Prospect flagsLow returnsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.4M

+6.6% from 2023

Total participants

109

+2.8% from 2023

Average account balance

$23,109

+3.5% from 2023

Annual return

6.33%

+1.37 pp from 2023

Benchmarks

See 21,742 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,742 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

102

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.

110.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$280K

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

+6.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2829

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 codes2G2F3D2J2E2T

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$289K

$3137 / participant

Other / not subdivided$289K100.0%

% of EOY assets

12.243%

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

$23,109

$81,262-71.6%

$155,602-85.1%

$80,911-71.4%

Participation rate

92.4%

66.2%+26.2pp

78.2%+14.2pp

67.6%+24.7pp

Annual return

6.33%

33.34%-27.0pp

64.81%-58.5pp

35.63%-29.3pp

Employer contribution / active EE

$2,146

$3,102-30.8%

$4,675-54.1%

$2,756-22.1%

Participant deferral / active EE

$900

$3,451-73.9%

$5,629-84.0%

$4,297-79.1%

Admin fee / account holder

$2,829

$7,992-64.6%

$15,923-82.2%

$6,935-59.2%

CHAMBERS TALLAPOOSA COOSA COMMUNITY ACTION COMMITTEE INC 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHAMBERS TALLAPOOSA COOSA COMMUNITY ACTION COMMITTEE INC 401(K) PENSION 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