Retirement plan

EMPLOYEE BENEFIT PLAN OF COMMUNITY FOOD BANK OF CENTRAL ALABAMA

Name: COMMUNITY FOOD BANK OF CENTRAL ALABAMA - EMPLOYEE BENEFIT PLAN OF COMMUNITY FOOD BANK OF CENTRAL ALABAMA (2022) Form 5500
Creator: COMMUNITY FOOD BANK OF CENTRAL ALABAMA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF COMMUNITY FOOD BANK OF CENTRAL ALABAMA, COMMUNITY FOOD BANK OF CENTRAL ALABAMA

COMMUNITY FOOD BANK OF CENTRAL ALABAMAEIN 63-0837956Plan #003PY 2022

107 WALTER DAVIS DR - BIRMINGHAM, AL 352092803205-942-8911feedingal.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$496K

+2.1% from 2021

Total participants

+10.0% from 2021

Average account balance

$8,705

-14.0% from 2021

Annual return

-17.23%

-27.61 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$978K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

116.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$219K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2086

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 codes2F2G2T

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$49K

$1117 / participant

Other / not subdivided$49K100.0%

% of EOY assets

9.908%

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

$8,705

$73,863-88.2%

$143,797-93.9%

$68,490-87.3%

Participation rate

79.5%

66.7%+12.9pp

80.3%-0.8pp

67.9%+11.6pp

Annual return

-17.23%

0.91%-18.1pp

-0.04%-17.2pp

-7.85%-9.4pp

Employer contribution / active EE

$1,486

$3,185-53.3%

$4,952-70.0%

$2,597-42.8%

Participant deferral / active EE

$1,650

$3,385-51.2%

$5,638-70.7%

$4,028-59.0%

Admin fee / account holder

$862

$5,756-85.0%

$14,679-94.1%

$5,403-84.0%

EMPLOYEE BENEFIT PLAN OF COMMUNITY FOOD BANK OF CENTRAL ALABAMA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF COMMUNITY FOOD BANK OF CENTRAL ALABAMA

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