Retirement plan

LITTLE DIXIE COMMUNITY ACTION AGENCY, INC. 403B PLAN

Name: LITTLE DIXIE COMMUNITY ACTION - LITTLE DIXIE COMMUNITY ACTION AGENCY, INC. 403B PLAN (2018) Form 5500
Creator: LITTLE DIXIE COMMUNITY ACTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LITTLE DIXIE COMMUNITY ACTION AGENCY, INC. 403B PLAN, LITTLE DIXIE COMMUNITY ACTION

LITTLE DIXIE COMMUNITY ACTIONEIN 73-0772321Plan #002PY 2018

209 NORTH 4TH - HUGO, OK 74743580-326-3351liftca.orgLinkedIn1-10 employees

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$11.4M

+0.6% from 2017

Total participants

249

-5.7% from 2017

Average account balance

$45,862

+6.6% from 2017

Annual return

5.97%

-0.26 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.28M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

309

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

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

+8.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$180

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$67,455
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER BENEFIT SERVICES Service code 22	Insurance Broker	$10,597
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27	Advisory (Plan)	$7,500
EMPLOYEE BENEFITS GROUP, LLC3+ years Service code 13 · EIN 73-1554797	Contract Administrator	$6,450
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 22 · EIN 36-4291971	Insurance Broker	$6,250
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES Service code 27 · EIN 35-2552359	Advisory (Plan)	$1,250

Plan features & details

Pension benefit codes2M2L2F2G2K2T

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$75K

$362 / participant

Investment mgmt$69K91.4%
Contract admin$6K8.6%

% of EOY assets

0.656%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FINLEY & COOK, PLLC
Auditor EIN: 730604334
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,862

$47,977-4.4%

$154,108-70.2%

$56,289-18.5%

Participation rate

100.0%

66.2%+33.8pp

83.0%+17.0pp

69.9%+30.1pp

Annual return

5.97%

3.54%+2.4pp

735.21%-729.2pp

-9.96%+15.9pp

Employer contribution / active EE

$2,363

$2,169+8.9%

$5,298-55.4%

$2,111+11.9%

Participant deferral / active EE

$1,639

$2,392-31.5%

$5,081-67.8%

$3,350-51.1%

Admin fee / account holder

$301

$438-31.3%

$13,411-97.8%

$521-42.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$67,455

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER BENEFIT SERVICES

Service code 22

Insurance Broker

$10,597

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27

Advisory (Plan)

$7,500

EMPLOYEE BENEFITS GROUP, LLC3+ years

Service code 13 · EIN 73-1554797

Contract Administrator

$6,450

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER BENEFIT SERVICES, INC.

Service code 22 · EIN 36-4291971

Insurance Broker

$6,250

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES

Service code 27 · EIN 35-2552359

Advisory (Plan)

$1,250

LITTLE DIXIE COMMUNITY ACTION AGENCY, INC. 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LITTLE DIXIE COMMUNITY ACTION AGENCY, INC. 403B 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