Retirement plan

MONTGOMERY COMMUNITY ACTION AGENCY RETIREMENT PLAN

Name: MONTGOMERY COMMUNITY ACTION COMMITTEE, INC. - MONTGOMERY COMMUNITY ACTION AGENCY RETIREMENT PLAN (2018) Form 5500
Creator: MONTGOMERY COMMUNITY ACTION COMMITTEE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONTGOMERY COMMUNITY ACTION AGENCY RETIREMENT PLAN, MONTGOMERY COMMUNITY ACTION COMMITTEE, INC.

MONTGOMERY COMMUNITY ACTION COMMITTEE, INC.EIN 63-6054097Plan #001PY 2018

1066 ADAMS AVENUE - MONTGOMERY, AL 36104334-263-3474

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.5M

-8.1% from 2017

Total participants

301

0.0% from 2017

Average account balance

$15,769

-8.1% from 2017

Annual return

0.84%

-1.39 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

231

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.

63.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$967

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

+3.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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

1 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 codes2E2F2G2J

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$24 / participant

Contract admin$5K100.0%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,769

$44,873-64.9%

$79,466-80.2%

$56,287-72.0%

Participation rate

93.4%

68.7%+24.7pp

73.3%+20.0pp

69.9%+23.5pp

Annual return

0.84%

0.81%0pp

718.28%-717.4pp

-9.96%+10.8pp

Employer contribution / active EE

$1,276

$2,140-40.4%

$2,800-54.4%

$2,111-39.6%

Participant deferral / active EE

$329

$2,746-88.0%

$3,704-91.1%

$3,350-90.2%

Admin fee / account holder

$19

$418-95.4%

$5,104-99.6%

$521-96.3%

MONTGOMERY COMMUNITY ACTION AGENCY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONTGOMERY COMMUNITY ACTION AGENCY RETIREMENT 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