Plan Snapshot
- Plan Sponsor: Community Action Agency Of South Alabama
- Sponsor EIN: 630510904
- Sponsor Address: PO BOX 250, DAPHNE, AL, 36526
- Plan Type: DB
- Total Participants: 50
- Total Assets: $5.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 50 | $5.9M | $130,609 | $65,318 |
| 2023 | 33 | $5.7M | $103,083 | $50,886 |
| 2022 | 39 | $5.3M | $90,680 | $45,338 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $75,949 | — | $75,949 |
| STEWARD PARTNERS INVESTMENT ADV LLC | Investment Advisor | — | $15,000 | $15,000 |
| PRINCIPAL GLOBAL INVESTORS LLC | Investment Advisor | $5,599 | — | $5,599 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,548
- Estimated Expense Ratio: 1.650% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $95,383 | $5,599 | $70,350 | — | — |
| 2023 | $165,596 | — | $71,716 | — | — |
| 2022 | $139,763 | $5,589 | $71,550 | — | — |