Retirement plan

TOMBIGBEE ELECTRIC POWER ASSOCIATION 401(K) PLAN

Name: TOMBIGBEE ELECTRIC POWER ASSOCIATION - TOMBIGBEE ELECTRIC POWER ASSOCIATION 401(K) PLAN (2021) Form 5500
Creator: TOMBIGBEE ELECTRIC POWER ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOMBIGBEE ELECTRIC POWER ASSOCIATION 401(K) PLAN, TOMBIGBEE ELECTRIC POWER ASSOCIATION

TOMBIGBEE ELECTRIC POWER ASSOCIATIONEIN 64-0254740Plan #002PY 2021

P. O. DRAWER 1789 - TUPELO, MS 38802662-842-7635tepa1.comLinkedIn1-10 employees

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$6.3M

+14.8% from 2020

Total participants

210

+16.0% from 2020

Average account balance

$36,659

+0.2% from 2020

Annual return

13.97%

+1.01 pp from 2020

Benchmarks

See 183 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort183 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.19M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

212

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.

83.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$76 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.203%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANKS, FRANKS, WILEMON & HAGOOD PA
Auditor EIN: 640736635
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,659

$133,040-72.4%

$119,237-69.3%

$79,389-53.8%

Participation rate

78.1%

80.9%-2.8pp

82.7%-4.6pp

70.7%+7.4pp

Annual return

13.97%

20.05%-6.1pp

30.70%-16.7pp

116.89%-102.9pp

Employer contribution / active EE

$4,390-100.0%

$4,383-100.0%

$2,428-100.0%

Participant deferral / active EE

$1,378

$6,448-78.6%

$6,112-77.5%

$4,046-65.9%

Admin fee / account holder

$75

$686-89.1%

$7,229-99.0%

$626-88.1%

Provider

Service type

Compensation

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

TOMBIGBEE ELECTRIC POWER ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOMBIGBEE 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