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 (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$655K

+32.1% from 2022

Total participants

-16.7% from 2022

Average account balance

$14,250

+63.7% from 2022

Annual return

13.06%

+30.29 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$92K

$1874 / participant

Other / not subdivided$92K100.0%

% of EOY assets

14.007%

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

$14,250

$77,908-81.7%

$149,696-90.5%

$75,173-81.0%

Participation rate

81.6%

65.6%+16.1pp

78.8%+2.9pp

67.2%+14.4pp

Annual return

13.06%

31.73%-18.7pp

134.46%-121.4pp

160.72%-147.7pp

Employer contribution / active EE

$1,314

$3,138-58.1%

$4,821-72.7%

$2,671-50.8%

Participant deferral / active EE

$2,038

$3,411-40.2%

$5,682-64.1%

$4,126-50.6%

Admin fee / account holder

$1,996

$5,950-66.5%

$13,212-84.9%

$5,651-64.7%

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