Retirement plan

403(B) THRIFT PLAN OF TERREBONNE COUNCIL ON AGING, INC.

Name: TERREBONNE COUNCIL ON AGING, INC. - 403(B) THRIFT PLAN OF TERREBONNE COUNCIL ON AGING, INC. (2023) Form 5500
Creator: TERREBONNE COUNCIL ON AGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF TERREBONNE COUNCIL ON AGING, INC., TERREBONNE COUNCIL ON AGING, INC.

TERREBONNE COUNCIL ON AGING, INC.EIN 72-0683976Plan #001PY 2023

995 W. TUNNEL BLVD. - HOUMA, LA 70360985-868-8411terrebonnecoa.comLinkedIn51-200 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-26.5% from 2022

Total participants

+10.8% from 2022

Average account balance

$18,494

-32.5% from 2022

Annual return

3.77%

+13.78 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.91M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

105.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$358K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+7.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3262

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 codes2F2G2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$881K

$11909 / participant

Other / not subdivided$881K100.0%

% of EOY assets

65.278%

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

$18,494

$57,330-67.7%

$86,656-78.7%

$75,177-75.4%

Participation rate

74.3%

63.2%+11.1pp

71.7%+2.6pp

67.2%+7.1pp

Annual return

3.77%

2675.40%-2671.6pp

593.09%-589.3pp

160.75%-157.0pp

Employer contribution / active EE

$1,688

$2,316-27.1%

$3,025-44.2%

$2,671-36.8%

Participant deferral / active EE

$2,512

$3,320-24.4%

$4,439-43.4%

$4,126-39.1%

Admin fee / account holder

$12,073

$4,115+193.4%

$5,619+114.9%

$5,651+113.6%

403(B) THRIFT PLAN OF TERREBONNE COUNCIL ON AGING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF TERREBONNE COUNCIL ON AGING, 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