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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$734K

+12.0% from 2023

Total participants

+14.5% from 2023

Average account balance

$12,874

-9.7% from 2023

Annual return

13.29%

+0.23 pp from 2023

Benchmarks

See 21,775 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,775 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

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

$233K

$5068 / participant

Other / not subdivided$233K100.0%

% of EOY assets

31.769%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,874

$81,248-84.2%

$155,509-91.7%

$80,856-84.1%

Participation rate

87.0%

66.2%+20.7pp

78.2%+8.8pp

67.6%+19.3pp

Annual return

13.29%

33.31%-20.0pp

64.67%-51.4pp

35.59%-22.3pp

Employer contribution / active EE

$1,432

$3,100-53.8%

$4,672-69.3%

$2,755-48.0%

Participant deferral / active EE

$3,056

$3,452-11.5%

$5,626-45.7%

$4,296-28.9%

Admin fee / account holder

$4,090

$7,997-48.9%

$15,912-74.3%

$6,918-40.9%

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