Retirement plan

CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN

Name: CENTRAL ELECTRIC POWER ASSOCIATION - CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN (2020) Form 5500
Creator: CENTRAL ELECTRIC POWER ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN, CENTRAL ELECTRIC POWER ASSOCIATION

CENTRAL ELECTRIC POWER ASSOCIATIONEIN 64-0132702Plan #002PY 2020

107 EAST MAIN STREET - CARTHAGE, MS 390514224601-267-5671

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$16.1M

+11.4% from 2019

Total participants

119

+1.7% from 2019

Average account balance

$137,815

+9.5% from 2019

Annual return

10.28%

-0.80 pp from 2019

Benchmarks

See 569 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort569 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.48M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

128

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$788K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+21.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$505

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$27K

$308 / participant

Contract admin$27K100.0%

% of EOY assets

0.168%

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: REA, SHAW, GIFFIN & STUART, LLP
Auditor EIN: 640295411
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,815

$88,370+56.0%

$112,977+22.0%

$79,856+72.6%

Participation rate

97.7%

76.8%+20.9pp

82.6%+15.2pp

69.6%+28.1pp

Annual return

10.28%

23.16%-12.9pp

24.24%-14.0pp

31.71%-21.4pp

Employer contribution / active EE

$3,038

$3,398-10.6%

$4,255-28.6%

$2,471+22.9%

Participant deferral / active EE

$4,442

$4,536-2.1%

$5,836-23.9%

$3,741+18.7%

Admin fee / account holder

$232

$5,750-96.0%

$6,294-96.3%

$5,306-95.6%

CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL ELECTRIC POWER ASSOCIATION 401(K) 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