Area Agency on Aging District 7, Inc.
Form 5500 DataOverview
Plan Description
Area Agency on Aging District 7 403(b) Plan is a defined contribution plan. This plan has a BrightScope Rating of 66. This plan is in the top 15% of plans for Participation Rate. Area Agency on Aging District 7 403(b) Plan currently has over 200 active participants and over $6.1M in plan assets.
Did you know?
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (66) and the top rated plan (87) could equate to:
11
Additional years of work
130,056
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 160 Dorsey Drive Po Box 500
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 160 Dorsey Drive Po Box 500
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LocationRio Grande , OH45674
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IndustryHealth Care and Social Assistance
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Net Plan Assets$6,070,000
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Total Participants210
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Avg Account Balance$30,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Average Fees
Company Generosity:
Average
Performance
Participation Rate:
Great
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.
Design
Total Plan Cost:
Low Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Great
Salary Deferrals:
Average
Account Balance:
Average
Peer Group Plans
Company | Rating |
---|---|
Total Health Care | 65.5 |
Chestnut Ridge Counseling Services | 62.7 |
Aroostook County Action Program | 57.7 |
Alaska Children's Services, Inc., d/b/a AK Child & Family | 51.5 |
Enable | 51.4 |
The Arc of Blackstone Valley | 41.5 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
Practice Management
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
December 28, 2020
Compliance
Missing Participant Guidance Released by DOL
The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.
January 13, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Client Service
Common Mistakes Advisers Make That Should be Avoided
Experts outline several ways advisers can ensure they keep the loyalty of their clients.
January 13, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
Vanguard Group Target Retirement | 51% |
33%
|
Nationwide Fixed Account | 11% |
N/A
|
Participant Loans | 5% |
N/A
|
|
100%
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|
|
100%
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|
|
100%
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|
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100%
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View all funds in this plan
Providers
Plan Service Providers
SERVICE | PROVIDER |
---|---|
Insurance Carrier
|
Nationwide Life Insurance Company
|
Insurance Carrier
|
Lincoln Financial
|
Insurance Advisor/Broker
|
INVEST Financial Corporation
|
Insurance Advisor/Broker
|
Edward D.A. Sommer
|
Insurance Advisor/Broker
|
Lincoln Financial
|
Investment Adviser
|
Securities America, Inc.
|
Recordkeeper
|
Nationwide
|
Investment Adviser
|
INVEST Financial Corporation
|
Investment Adviser
|
Opoc.Us
|
Administration
|
Lincoln Financial
|
Auditor
|
Clark, Schaefer, Hackett & Co.
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Articles and Questions

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