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 (2020) 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 2020

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

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+12.7% from 2019

Total participants

100

-13.8% from 2019

Average account balance

$98,924

+130.1% from 2019

Annual return

14.44%

-5.03 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

3 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).

Expense breakdown

Schedule H Part II

Admin total

$406K

$4892 / participant

Other / not subdivided$406K100.0%

% of EOY assets

8.377%

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

$98,924

$91,198+8.5%

$178,503-44.6%

$79,856+23.9%

Participation rate

38.6%

69.2%-30.7pp

81.9%-43.4pp

69.6%-31.1pp

Annual return

14.44%

24.20%-9.8pp

151.12%-136.7pp

31.71%-17.3pp

Employer contribution / active EE

$783

$3,257-76.0%

$5,011-84.4%

$2,471-68.3%

Participant deferral / active EE

$3,220

$3,237-0.5%

$5,202-38.1%

$3,741-13.9%

Admin fee / account holder

$8,287

$6,748+22.8%

$13,987-40.8%

$5,306+56.2%

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