Retirement plan

EOA OF WASHINGTON COUNTY 401(K) RETIREMENT PLAN

Name: ECONOMIC OPPORTUNITY AGENCY OF WASHINGTON COUNTY, INC. - EOA OF WASHINGTON COUNTY 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: ECONOMIC OPPORTUNITY AGENCY OF WASHINGTON COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EOA OF WASHINGTON COUNTY 401(K) RETIREMENT PLAN, ECONOMIC OPPORTUNITY AGENCY OF WASHINGTON COUNTY, INC.

ECONOMIC OPPORTUNITY AGENCY OF WASHINGTON COUNTY, INC.EIN 71-0390902Plan #002PY 2024

614 E. EMMA, SUITE M401 - SPRINGDALE, AR 72764479-872-7479eoawc.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$2.5M

+16.5% from 2023

Total participants

103

-7.2% from 2023

Average account balance

$25,002

+26.8% from 2023

Annual return

10.49%

-4.61 pp from 2023

Benchmarks

See 21,762 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,762 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.53M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

101

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

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

+10.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
PROACCOUNT1 year Service code 18 · EIN 73-0988442	Recordkeeping fees; Participant commu...	$6,831
PENSION ASSURANCE LLP4 years Filed as: PENSION SOLUTIONS, INC. Service code 15 · EIN 73-1521434 9116 N KELLEY AVE · OKLAHOMA CITY, OK 73131	Recordkeeping	$2,410
NATIONWIDE4 years Service code 18 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 73215	Custodial (other than securities); Re...	$836

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EGP, PLLC
Auditor EIN: 710519090
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,002

$81,233-69.2%

$155,567-83.9%

$80,874-69.1%

Participation rate

97.3%

66.2%+31.0pp

78.2%+19.1pp

67.6%+29.6pp

Annual return

10.49%

33.33%-22.8pp

64.74%-54.2pp

35.62%-25.1pp

Employer contribution / active EE

$2,447

$3,101-21.1%

$4,674-47.6%

$2,756-11.2%

Participant deferral / active EE

$514

$3,452-85.1%

$5,628-90.9%

$4,297-88.0%

Admin fee / account holder

$7,998-100.0%

$15,916-100.0%

$6,935-100.0%

Provider

Service type

Compensation

PROACCOUNT1 year

Service code 18 · EIN 73-0988442

Recordkeeping fees; Participant commu...

$6,831

PENSION ASSURANCE LLP4 years

Filed as: PENSION SOLUTIONS, INC.

Service code 15 · EIN 73-1521434

9116 N KELLEY AVE · OKLAHOMA CITY, OK 73131

Recordkeeping

$2,410

NATIONWIDE4 years

Service code 18 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 73215

Custodial (other than securities); Re...

$836

EOA OF WASHINGTON COUNTY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

EOA OF WASHINGTON COUNTY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion