Retirement plan

CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN

Name: CENTRAL ELECTRIC POWER ASSOCIATION - CENTRAL ELECTRIC POWER ASSOCIATION 401(K) PLAN (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.5M

+19.8% from 2023

Total participants

136

+1.5% from 2023

Average account balance

$144,364

+17.0% from 2023

Annual return

21.01%

+10.32 pp from 2023

Benchmarks

See 210 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort210 peers

Snapshot2024

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

Top 1 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY8 years Filed as: VOYA RETIREMENT INSURANCE Service code 27 · EIN 71-0294708	Advisory (Plan)	$2,574

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

$65K

$616 / participant

Contract admin$65K100.0%

% of EOY assets

0.350%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,364

$113,016+27.7%

$103,486+39.5%

$74,459+93.9%

Participation rate

92.4%

80.8%+11.6pp

80.5%+11.8pp

67.2%+25.2pp

Annual return

21.01%

23.24%-2.2pp

23.93%-2.9pp

1369.70%-1348.7pp

Employer contribution / active EE

$2,983

$4,881-38.9%

$4,679-36.3%

$2,626+13.6%

Participant deferral / active EE

$4,519

$7,279-37.9%

$6,628-31.8%

$4,350+3.9%

Admin fee / account holder

$505

$1,709-70.4%

$9,354-94.6%

$1,945-74.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY8 years

Filed as: VOYA RETIREMENT INSURANCE

Service code 27 · EIN 71-0294708

Advisory (Plan)

$2,574

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