Retirement plan

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

Name: SOUTHWEST MISSISSIPPI OPPORTUNITY, INC. - 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC. (2022) Form 5500
Creator: SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC., SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.EIN 64-0433629Plan #001PY 2022

PO BOX 1667 - MCCOMB, MS 396491667601-684-5593swmocaa.orgLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$131K

-27.6% from 2021

Total participants

0.0% from 2021

Average account balance

$18,709

-27.6% from 2021

Annual return

-0.08%

-5.74 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$145K

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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)

$370

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

0 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 codes2F2G2T

Plan features

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.
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.

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

$63K

$15847 / participant

Other / not subdivided$63K100.0%

% of EOY assets

48.400%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,709

$92,684-79.8%

$82,706-77.4%

$134,509-86.1%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

-0.08%

945.84%-945.9pp

701.76%-701.8pp

418.13%-418.2pp

Employer contribution / active EE

$1,500

$3,272-54.2%

$3,007-50.1%

$4,741-68.4%

Participant deferral / active EE

$1,896

$4,800-60.5%

$4,394-56.9%

$6,400-70.4%

Admin fee / account holder

$9,055

$5,982+51.4%

$5,329+69.9%

$11,427-20.8%

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

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