Retirement plan

403(B) THRIFT PLAN OF THE CARROLL CENTER FOR THE BLIND

Name: THE CARROLL CENTER FOR THE BLIND - 403(B) THRIFT PLAN OF THE CARROLL CENTER FOR THE BLIND (2019) Form 5500
Creator: THE CARROLL CENTER FOR THE BLIND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE CARROLL CENTER FOR THE BLIND, THE CARROLL CENTER FOR THE BLIND

THE CARROLL CENTER FOR THE BLINDEIN 04-2106173Plan #002PY 2019

770 CENTRE ST - NEWTON, MA 024582530617-969-6200carroll.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow participationRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

+21.6% from 2018

Total participants

116

0.0% from 2018

Average account balance

$43,000

-28.3% from 2018

Annual return

19.47%

+22.06 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.76M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$78K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

148.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$425K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$16566

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$269K

$5854 / participant

Other / not subdivided$269K100.0%

% of EOY assets

6.262%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,000

$85,171-49.5%

$172,753-75.1%

$72,976-41.1%

Participation rate

65.2%

70.1%-4.8pp

82.6%-17.4pp

69.5%-4.3pp

Annual return

19.47%

27.32%-7.9pp

803.00%-783.5pp

81.02%-61.5pp

Employer contribution / active EE

$1,497

$3,324-55.0%

$5,144-70.9%

$2,440-38.7%

Participant deferral / active EE

$5,993

$3,260+83.8%

$5,198+15.3%

$3,608+66.1%

Admin fee / account holder

$2,693

$5,880-54.2%

$13,956-80.7%

$5,124-47.4%

403(B) THRIFT PLAN OF THE CARROLL CENTER FOR THE BLIND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE CARROLL CENTER FOR THE BLIND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion