Retirement plan

COMMUNITY FOUNDATION OF NORTH LOUISIANA DEFINED CONTRIBUTION PLAN

Name: COMMUNITY FOUNDATION OF NORTH LOUISIANA - COMMUNITY FOUNDATION OF NORTH LOUISIANA DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: COMMUNITY FOUNDATION OF NORTH LOUISIANA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY FOUNDATION OF NORTH LOUISIANA DEFINED CONTRIBUTION PLAN, COMMUNITY FOUNDATION OF NORTH LOUISIANA

COMMUNITY FOUNDATION OF NORTH LOUISIANAEIN 72-6022365Plan #002PY 2023

401 EDWARDS ST STE 105 - SHREVEPORT, LA 711015508318-221-0582cfnla.orgLinkedIn1-10 employeesnon-profit organization management

Other plans on this EIN

1 filing

#003Retirement-$349K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

+16.2% from 2022

Total participants

-5.9% from 2022

Average account balance

$64,139

+23.4% from 2022

Annual return

14.47%

+26.25 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.03M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

228.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2942

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 codes2F2G2L2E3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

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

$47K

$6724 / participant

Other / not subdivided$47K100.0%

% of EOY assets

4.587%

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

$64,139

$96,691-33.7%

$86,656-26.0%

$139,487-54.0%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

14.47%

106.87%-92.4pp

593.09%-578.6pp

373.84%-359.4pp

Employer contribution / active EE

$4,326

$3,267+32.4%

$3,025+43.0%

$4,755-9.0%

Participant deferral / active EE

$4,537

$4,838-6.2%

$4,439+2.2%

$6,713-32.4%

Admin fee / account holder

$2,942

$6,414-54.1%

$5,619-47.6%

$11,407-74.2%

COMMUNITY FOUNDATION OF NORTH LOUISIANA DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY FOUNDATION OF NORTH LOUISIANA DEFINED CONTRIBUTION 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