Retirement plan

403(B) THRIFT PLAN OF CENTER FOR ECOTECHNOLOGY, INC.

Name: CENTER FOR ECOTECHNOLOGY, INC. - 403(B) THRIFT PLAN OF CENTER FOR ECOTECHNOLOGY, INC. (2021) Form 5500
Creator: CENTER FOR ECOTECHNOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF CENTER FOR ECOTECHNOLOGY, INC., CENTER FOR ECOTECHNOLOGY, INC.

CENTER FOR ECOTECHNOLOGY, INC.EIN 04-2611726Plan #002PY 2021

112 ELM ST - PITTSFIELD, MA 012016533413-445-4556centerforecotechnology.comLinkedIn51-200 employees

Prospect flagsHigh feesLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+35.7% from 2020

Total participants

104

-3.7% from 2020

Average account balance

$22,527

+45.4% from 2020

Annual return

23.48%

+3.76 pp from 2020

Benchmarks

See 27,003 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,003 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.33M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

133

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$518K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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

1 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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$131K

$1618 / participant

Other / not subdivided$131K100.0%

% of EOY assets

5.937%

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

$22,527

$105,198-78.6%

$159,455-85.9%

$85,856-73.8%

Participation rate

92.6%

75.8%+16.8pp

82.8%+9.8pp

69.3%+23.3pp

Annual return

23.48%

45.08%-21.6pp

263.63%-240.2pp

318.58%-295.1pp

Employer contribution / active EE

$941

$3,319-71.6%

$4,830-80.5%

$2,565-63.3%

Participant deferral / active EE

$3,120

$5,946-47.5%

$7,353-57.6%

$3,952-21.0%

Admin fee / account holder

$1,337

$6,934-80.7%

$10,800-87.6%

$6,261-78.6%

403(B) THRIFT PLAN OF CENTER FOR ECOTECHNOLOGY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF CENTER FOR ECOTECHNOLOGY, INC.

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