Mississippi › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Feb 2021 to 31 Jan 2022
403(b) Thrift Plan of Ajfc Community Action Agency, Inc.
Sponsored by Ajfc Community Action Agency, Inc., Natchez, MS
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
403(b) Thrift Plan of Ajfc Community Action Agency, Inc. is a defined contribution plan sponsored by Ajfc Community Action Agency, Inc. of Natchez, Mississippi. For the plan year ending 31 Jan 2022 it reported 104 participants, 18 of them active, and net assets of $1.1M.
Net assets came to $11,035 per participant, well below the $60,207 median for defined contribution plans with 100 to 249 participants and well below the $40,676 median for defined contribution plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $44K during the year, or $2,437 per active participant against a same-size median of $2,447; participants contributed $48K. Benefits paid out totalled $746K.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $2,426: $23.33 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $2,076. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $520K in 2009 to $1.1M in 2025 (up 121%), and participants from 148 to 104 (down 30%).
The independent accountant's opinion on the financial statements was disclaimer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $11,035 | $60,207 | $40,676 | $53,089 |
| Employer contributions per active participant | $2,437 | $2,447 | $2,023 | $2,174 |
| Schedule C compensation per participant | $23.33 | $194 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.21% | 0.32% | 0.30% | 0.26% |
| Administrative expenses per participant | $19.96 | $176 | $99.40 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (22,054 plans), other services (2,681) and all US plans (63,607). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 104 | $1.1M | $11,038 | $44K | $48K | $2,000 |
| 2020 | 200 | $1.7M | $8,650 | $99K | $104K | $3,000 |
| 2019 | 211 | $1.6M | $7,488 | $94K | $97K | $3,000 |
| 2018 | 229 | $1.6M | $7,170 | $92K | $87K | $3,000 |
| 2017 | 209 | $1.7M | $7,976 | $99K | $106K | $3,000 |
| 2016 | 196 | $1.6M | $8,281 | $120K | $134K | $3,000 |
| 2015 | 212 | $1.6M | $7,358 | $103K | $117K | $0 |
| 2013 | 162 | $1.5M | $9,043 | $110K | $125K | $0 |
| 2012 | 169 | $971K | $5,746 | $81K | $91K | $0 |
| 2011 | 157 | $822K | $5,236 | $67K | $74K | $0 |
| 2010 | 155 | $661K | $4,265 | — | — | $0 |
| 2009 | 148 | $520K | $3,514 | — | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,729,857
- Employer contributions$43,863
- Participant contributions$48,010
- Rollovers and other contributions$0
- Total contributions$91,873
- Total income, including investment results$165,964
- Benefits paid$746,091
- Administrative expenses$2,076
- Total expenses$748,167
- Net income−$582,203
- Net transfers$0
- Net assets, end of year$1,147,654
Participants
- Active participants18
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits82
- Participants with account balances102
- Total participants, end of year104
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mutual of America Investment Corp. | Claims processing; Recordkeeping and information management; Participant loan processing | $2,426 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$2,076
- Total administrative expenses$2,076
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Insurance company general account$620K · 54.0%
- Registered investment companies (mutual funds)$528K · 46.0%
Audit and compliance answers, as filed
- Accountant's opinionDisclaimer
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmJD CPA & Advisors
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813000: Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations).
Similar plans in Mississippi
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Great Southern Capital Corporation Salary Reduction Plan | Great Southern Capital Corporation | 120 | $5.3M | $44,501 |
| Three Rivers Planning and Development District, Inc. Retirement Savings Plan | Three Rivers Planning and Development District, Inc. | 122 | $9.0M | $73,908 |
| Three Rivers Planning and Development District, Inc. Amended and Restated Tax-Sheltered Annuity Plan | Three Rivers Planning and Development District, Inc. | 122 | $13.1M | $107,570 |
| American Family Association, Inc. 401(k) Plan and Trust | American Family Association, Inc. | 142 | $11.5M | $80,965 |
| Southern States Utility Trailer Sales, Inc. 401(k) Retirement Plan | Southern States Utility Trailer Sales, Inc. | 156 | $12.3M | $78,925 |
| Mora Retirement Plan | Mississippi Organ Recovery Agency Inc. | 166 | $11.5M | $69,364 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is 403(b) Thrift Plan of Ajfc Community Action Agency, Inc.?
104 participants at the end of the plan year ending 31 Jan 2022, of whom 18 were active employees, with net assets of $1,147,654. Among defined contribution plans that places it in the 100 to 249 participants band, which held 22,054 plans in plan year 2024.
What does Ajfc Community Action Agency, Inc. contribute per participant?
The filing reports $43,863 in employer contributions for the year, which is $2,437 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $2,426 in compensation to service provider organisations, $23.33 per participant or 0.21% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $2,076. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Ajfc Community Action Agency, Inc.. Recordkeeping or administration: Mutual of America Investment Corp.. The financial statements were audited by JD CPA & Advisors. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an disclaimer opinion. A disclaimer of opinion was the usual result of a limited-scope audit under the rules in force before 2021 and is not by itself a finding about the plan.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Feb 2021 to 31 Jan 2022, received by the Department of Labor on 21 Sep 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Sep 2026. This page shows the latest filing on record for EIN 64-0442959, plan 001, received 21 Sep 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.