Retirement plan

BOLIVAR COUNTY HEADSTART RETIREMENT PROGRAM

Name: BOLIVAR CTY. COM. ACTION PROGRAM - BOLIVAR COUNTY HEADSTART RETIREMENT PROGRAM (2024) Form 5500
Creator: BOLIVAR CTY. COM. ACTION PROGRAM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOLIVAR COUNTY HEADSTART RETIREMENT PROGRAM, BOLIVAR CTY. COM. ACTION PROGRAM

BOLIVAR CTY. COM. ACTION PROGRAMEIN 64-0434535Plan #001PY 2024

190 N MARTIN LUTHER KING DRIVE - CLEVELAND, MS 38732662-846-1491

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$10.5M

+4.5% from 2023

Total participants

241

-17.2% from 2023

Average account balance

$44,410

+9.4% from 2023

Annual return

2.46%

-0.16 pp from 2023

Benchmarks

See 1,573 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,573 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.48M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

236

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$859K

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

+2.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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
1547 FAIRWOOD DRIVE1 year Service code 12 · EIN 93-1253576	Direct payment from the plan; Custodi...	$40,974

Plan features & details

Pension benefit codes2C2F2G2K2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$38K

$184 / participant

Contract admin$38K100.0%

% of EOY assets

0.367%

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: WATKINS, WARD AND STAFFORD, PLLC
Auditor EIN: 640394922
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,410

$69,708-36.3%

$67,560-34.3%

$74,478-40.4%

Participation rate

97.6%

71.4%+26.2pp

72.9%+24.7pp

67.2%+30.4pp

Annual return

2.46%

-40.67%+43.1pp

3533.50%-3531.0pp

1370.56%-1368.1pp

Employer contribution / active EE

$2,801

$2,715+3.2%

$2,737+2.4%

$2,626+6.7%

Participant deferral / active EE

$1,310

$3,637-64.0%

$4,004-67.3%

$4,350-69.9%

Admin fee / account holder

$163

$887-81.6%

$3,994-95.9%

$1,946-91.6%

Provider

Service type

Compensation

1547 FAIRWOOD DRIVE1 year

Service code 12 · EIN 93-1253576

Direct payment from the plan; Custodi...

$40,974

BOLIVAR COUNTY HEADSTART RETIREMENT PROGRAM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOLIVAR COUNTY HEADSTART RETIREMENT PROGRAM

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