Retirement plan

EMPLOYEE BENEFIT PLAN OF SOUTHERN COLORADO COMMUNITY ACTION AGENCY, INC.

Name: SOUTHERN COLORADO COMMUNITY AC - EMPLOYEE BENEFIT PLAN OF SOUTHERN COLORADO COMMUNITY ACTION AGENCY, INC. (2022) Form 5500
Creator: SOUTHERN COLORADO COMMUNITY AC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF SOUTHERN COLORADO COMMUNITY ACTION AGENCY, INC., SOUTHERN COLORADO COMMUNITY AC

SOUTHERN COLORADO COMMUNITY ACEIN 84-0576978Plan #003PY 2022

PO BOX 800 - IGNACIO, CO 811370800970-563-4517

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.3M

-19.3% from 2021

Total participants

+2.1% from 2021

Average account balance

$14,030

-17.6% from 2021

Annual return

-19.62%

-37.10 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.78M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

279.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$75K

$2014 / participant

Other / not subdivided$75K100.0%

% of EOY assets

5.838%

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

$14,030

$73,863-81.0%

$143,797-90.2%

$68,490-79.5%

Participation rate

86.5%

66.7%+19.8pp

80.3%+6.2pp

67.9%+18.6pp

Annual return

-19.62%

0.91%-20.5pp

-0.04%-19.6pp

-7.85%-11.8pp

Employer contribution / active EE

$1,001

$3,185-68.6%

$4,952-79.8%

$2,597-61.5%

Participant deferral / active EE

$1,107

$3,385-67.3%

$5,638-80.4%

$4,028-72.5%

Admin fee / account holder

$819

$5,756-85.8%

$14,679-94.4%

$5,403-84.8%

EMPLOYEE BENEFIT PLAN OF SOUTHERN COLORADO COMMUNITY ACTION AGENCY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF SOUTHERN COLORADO COMMUNITY ACTION AGENCY, 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