Retirement plan

CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN

Name: CENTRAL ELECTRIC POWER ASSOCIATION - CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.2M

+12.6% from 2020

Total participants

121

+1.7% from 2020

Average account balance

$155,242

+12.6% from 2020

Annual return

15.46%

+5.18 pp from 2020

Benchmarks

See 564 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort564 peers

Snapshot2021

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

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

$37K

$437 / participant

Contract admin$37K100.0%

% of EOY assets

0.202%

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

$155,242

$98,463+57.7%

$119,237+30.2%

$85,851+80.8%

Participation rate

95.2%

77.6%+17.6pp

82.7%+12.5pp

69.3%+25.9pp

Annual return

15.46%

38.53%-23.1pp

30.70%-15.2pp

318.63%-303.2pp

Employer contribution / active EE

$3,188

$3,698-13.8%

$4,383-27.3%

$2,565+24.3%

Participant deferral / active EE

$4,532

$4,942-8.3%

$6,112-25.9%

$3,952+14.7%

Admin fee / account holder

$314

$7,493-95.8%

$7,229-95.7%

$6,261-95.0%

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