Overview

Plan Rating

BrightScope Rating
39
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (4)
Average in Peer Group (52)
Highest in Peer Group (84)

Plan Description

Lorain County Community Action Agency, Inc. 403(b) Thrift Plan is a defined contribution plan. This plan has a BrightScope Rating of 39. This plan is in the top 15% of plans for Participation Rate. Lorain County Community Action Agency, Inc. 403(b) Thrift Plan currently has over 300 active participants and over $2.2M in plan assets.

Did you know?

For the average 401k participant, the 45 point difference between this plan's BrightScope Rating (39) and the top rated plan (84) could equate to:
20
Additional years of work
333,229
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 7/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 506 Broadway
  • Location
    Lorain , OH
  • 44052-1732
  • Industry
    Health Care and Social Assistance
  • Administrator
    Justin Paige
  • Net Plan Assets
    $2,240,000
  • Total Participants
    320
  • Avg Account Balance
    $7,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Poor

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Poor

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

83

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Mutual of America Interest Accumulation Account 29%
N/A
Mutual of America Retirement 20%
N/A
Voya Fixed Account 6%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Voya Financial (ING)
Insurance Carrier
Mutual of America
Insurance Advisor/Broker
Fcs Agency, Inc
Insurance Advisor/Broker
Lincoln Financial Advisors Cororat
Insurance Advisor/Broker
Akron Regional Office
Recordkeeper
Voya Financial (ING)
Recordkeeper
Mutual of America Life Insurace Co
Auditor
Charles E. Harris & Associates

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
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