Hawkeye Area Community Action Program Retirement Plan — Form 5500 plan (Hawkeye Area Community Action Program, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Hawkeye Area Community Action Program Retirement Plan is a benefit plan reported by Hawkeye Area Community Action Program, Inc. under EIN 42-0898405 and plan number 002. The latest loaded filing year is 2023. The filing reports 364 participants and $8,018,889 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8MPlan net assets, end of year$8,018,889
Participants364Covered participants reported
Assets / participant$22KComputed: assets ÷ participants$22,030 (computed)
Provider compensation$56.2K2 Schedule C provider row(s)$56,165
Plan sponsor
Hawkeye Area Community Action Program, Inc.
EIN
42-0898405
Plan number
002
Plan type
2
Location
Hiawatha, IA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023364H, C20241014143836NAL0015121827001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8M total assets
Net assets$8MLiabilities$0
Money in vs. money out
Total income / additions$1.8M
Total expenses$596.7K
Benefits paid / distributions$558.5K
Contributions
Employer$253K
Participant$352.4K
Full reported line items

Net assets

Total assets (EOY)
$8,018,889
Total liabilities (EOY)
$0
Net assets (EOY)
$8,018,889
Net assets (BOY)
$6,772,114

Income & contributions

Employer contributions
$252,977
Participant contributions
$352,404
Total contributions
$623,588
Total income / additions
$1,843,430

Expenses & distributions

Benefits paid
$558,493
Administrative expenses
$38,162
Total expenses
$596,655
Net increase / (decrease)
$1,246,775
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 42%Participant 58%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$38,162$02023
Global Retirement Partners LLCINVESTMENT ADVISORY$0$18,0032023

Related Form 5500 pages