Plan Ledger DOL Form 5500 · updated monthly

Ocab, Inc. Community Action Agency403(b)

OCAB, INC. COMMUNITY ACTION AGENCY TSA PLAN · ORANGEBURG, SC · plan year 2022

Reported admin expense ratio · 2022
0.60%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Ocab, Inc. Community Action Agency reported $7,815 in plan administrative expenses for 2022: 0.60% of average plan assets, above the peer median. Employer contributions averaged $477 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.60% to 1.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in South Carolina (741st of 807), and 3,031st of 3,341 in other services. In 2022, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,192,854
Participants with balances37
Active participants153
Employer contributions$72,989
Employee contributions$73,555
Employer contribution per active participant$477
Average account balance$32,239
Benefits paid to participants$170,101
Plan auditUnmodified (clean) audit opinion
AuditorBANKS, FINLEY, WHITE & CO
Plan history2
Yearassets · accounts · employer contribution
2023$1.2M · 42 accts · $72K emplr
2022$1.2M · 37 accts · $73K emplr
Administrative expenses, itemized · 2022
Professional / advisory$7,815
Total administrative$7,815
Employer contributions to the Ocab, Inc. Community Action Agency plan · 2022
Employer contribution per active participant$477
Median for plans this size$1,114
2023$609 per active participant
2022$477 per active participant

Ocab, Inc. Community Action Agency's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$14,903 · 1.26%
2022$7,815 · 0.60%
Similar plansOther Services · South Carolina
Hpcca - Haig Point SC$2.8M · 0.97%
Berkeley Hall Club SC$2.1M · 0.92%
Bronco Lube, LLC SC$1.0M · 2.67%
Urban Nirvana LLC SC$595K · 2.00%
Fast Growing Trees, LLC SC$479K · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570479088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.