Retirement plan

COMMUNITY ACTON OF SOUTH MISSISSIPPI PS/401(K) PLAN

Name: COMMUNITY ACTION OF SOUTH MISSISSIPPI - COMMUNITY ACTON OF SOUTH MISSISSIPPI PS/401(K) PLAN (2024) Form 5500
Creator: COMMUNITY ACTION OF SOUTH MISSISSIPPI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY ACTON OF SOUTH MISSISSIPPI PS/401(K) PLAN, COMMUNITY ACTION OF SOUTH MISSISSIPPI

COMMUNITY ACTION OF SOUTH MISSISSIPPIEIN 64-0434184Plan #001PY 2024

P.O. BOX 8723 - MOSS POINT, MS 395636242228-769-3122

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.5M

+12.1% from 2023

Total participants

168

-12.5% from 2023

Average account balance

$30,320

+26.4% from 2023

Annual return

10.00%

-3.19 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.52M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

149

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$537K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 3 by compensation

Provider	Service type	Compensation
BAM ADVISOR SERVICES7 years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 20-8307105	Advisory (Participants)	$21,043
ALERUS FINANCIAL, N.A.9 years Service code 15 · EIN 45-6062081	Recordkeeping	$17,675
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$455

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

Expense breakdown

Schedule H Part II

Admin total

$39K

$300 / participant

Recordkeeping$18K45.7%
Investment mgmt$21K54.3%

% of EOY assets

0.857%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WOLF, MCDUFF, & OPPIE
Auditor EIN: 640891412
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,320

$55,472-45.3%

$155,567-80.5%

$74,546-59.3%

Participation rate

85.3%

61.9%+23.4pp

78.2%+7.1pp

67.2%+18.1pp

Annual return

10.00%

268.72%-258.7pp

64.74%-54.7pp

1366.03%-1356.0pp

Employer contribution / active EE

$1,567

$2,269-30.9%

$4,674-66.5%

$2,624-40.3%

Participant deferral / active EE

$2,597

$2,838-8.5%

$5,628-53.9%

$4,347-40.3%

Admin fee / account holder

$260

$1,743-85.1%

$15,916-98.4%

$1,944-86.6%

Provider

Service type

Compensation

BAM ADVISOR SERVICES7 years

Filed as: BAM ADVISOR SERVICES, LLC

Service code 26 · EIN 20-8307105

Advisory (Participants)

$21,043

ALERUS FINANCIAL, N.A.9 years

Service code 15 · EIN 45-6062081

Recordkeeping

$17,675

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$455

COMMUNITY ACTON OF SOUTH MISSISSIPPI PS/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY ACTON OF SOUTH MISSISSIPPI PS/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