Retirement plan

SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER 401(K) PLAN

Name: SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION - SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER 401(K) PLAN (2024) Form 5500
Creator: SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER 401(K) PLAN, SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION

SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATIONEIN 72-1191867Plan #002PY 2024

103 INDEPENDENCE BLVD. - LAFAYETTE, LA 70506337-989-0001swlahec.comLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

-0.2% from 2023

Total participants

111

-0.9% from 2023

Average account balance

$22,177

-7.2% from 2023

Annual return

11.27%

-4.33 pp from 2023

Benchmarks

See 61 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Cohort61 peers

Snapshot2024

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)

$22K

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.

74.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$256K

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5540

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 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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$476K

$4812 / participant

Other / not subdivided$476K100.0%

% of EOY assets

24.980%

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

$22,177

$144,511-84.7%

$67,511-67.2%

Participation rate

74.7%

69.6%+5.1pp

72.9%+1.9pp

Annual return

11.27%

20.96%-9.7pp

3517.41%-3506.1pp

Employer contribution / active EE

$1,364

$2,331-41.5%

$2,733-50.1%

Participant deferral / active EE

$1,221

$3,447-64.6%

$4,000-69.5%

Admin fee / account holder

$5,540

$8,271-33.0%

$3,999+38.5%

SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWEST LOUISIANA AREA HEALTH EDUCATION CENTER 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