Retirement plan

THE HOUSING AUTHORITY OF THE CITY OF SAMSON ALABAMA PROFIT SHARING PLAN

Name: THE HOUSING AUTH OF SAMSON - THE HOUSING AUTHORITY OF THE CITY OF SAMSON ALABAMA PROFIT SHARING PLAN (2022) Form 5500
Creator: THE HOUSING AUTH OF SAMSON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HOUSING AUTHORITY OF THE CITY OF SAMSON ALABAMA PROFIT SHARING PLAN, THE HOUSING AUTH OF SAMSON

THE HOUSING AUTH OF SAMSONEIN 63-6004897Plan #001PY 2022

PO BOX 307 - SAMSON, AL 364770307334-898-7152

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$424K

-7.4% from 2021

Total participants

-14.3% from 2021

Average account balance

$70,721

+8.0% from 2021

Annual return

-6.77%

-9.83 pp from 2021

Benchmarks

See 427 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort427 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$302K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+2.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50561

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 codes2E2F2G2T3D

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.
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

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

$38K

$6301 / participant

Other / not subdivided$38K100.0%

% of EOY assets

8.910%

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

$70,721

$67,214+5.2%

$61,491+15.0%

$134,532-47.4%

Participation rate

100.0%

83.7%+16.3pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

-6.77%

-12.08%+5.3pp

-12.98%+6.2pp

418.27%-425.0pp

Employer contribution / active EE

$5,763

$4,974+15.9%

$4,246+35.7%

$4,741+21.5%

Participant deferral / active EE

$6,103-100.0%

$5,188-100.0%

$6,401-100.0%

Admin fee / account holder

$6,301

$4,610+36.7%

$4,312+46.1%

$11,429-44.9%

THE HOUSING AUTHORITY OF THE CITY OF SAMSON ALABAMA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HOUSING AUTHORITY OF THE CITY OF SAMSON ALABAMA 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