Plan5500

403(B) Thrift Plan For Employees Of The Senior Alliance Area Agency On Aging 1-C — Form 5500 plan (The Senior Alliance Area Agenc)

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, 403(B) Thrift Plan For Employees Of The Senior Alliance Area Agency On Aging 1-C is a benefit plan reported by The Senior Alliance Area Agenc under EIN 38-2322126 and plan number 002. The latest loaded filing year is 2023. The filing reports 185 participants and $6,074,417 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.1MPlan net assets, end of year$6,074,417
Participants185Covered participants reported
Assets / participant$32.8KComputed: assets ÷ participants$32,835 (computed)
Provider compensation$451 Schedule C provider row(s)
Plan sponsor
The Senior Alliance Area Agenc
EIN
38-2322126
Plan number
002
Plan type
2
Location
Wayne, MI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023185H, C20241008110923NAL0034472290001
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)$6.1M total assets
Net assets$6.1MLiabilities$0
Money in vs. money out
Total income / additions$1.5M
Total expenses$362.9K
Benefits paid / distributions$362.9K
Contributions
Employer$178.2K
Participant$351.7K
Full reported line items

Net assets

Total assets (EOY)
$6,074,417
Total liabilities (EOY)
$0
Net assets (EOY)
$6,074,417
Net assets (BOY)
$4,981,949

Income & contributions

Employer contributions
$178,249
Participant contributions
$351,669
Total contributions
$529,918
Total income / additions
$1,455,370

Expenses & distributions

Benefits paid
$362,857
Administrative expenses
$45
Total expenses
$362,902
Net increase / (decrease)
$1,092,468
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 34%Participant 66%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income25%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Mutual Of America Investment CorpRECORD KEEPER$45$02023

Related Form 5500 pages