Retirement plan

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Name: COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATE - OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN (2017) Form 5500
Creator: COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN, COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATE

COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATEEIN 05-0465916Plan #001PY 2017

THE SUMMIT SOUTH, SUITE 103S, 300 CENTERVILLE ROAD - WARWICK, RI 028860200401-738-2200

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$665K

-7.8% from 2016

Total participants

0.0% from 2016

Average account balance

$55,430

-7.8% from 2016

Annual return

11.93%

+11.98 pp from 2016

Benchmarks

See 8,046 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,046 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

177.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33211

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 codes2L2G3D2M

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$197K

$24674 / participant

Other / not subdivided$197K100.0%

% of EOY assets

29.675%

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

$55,430

$105,864-47.6%

$90,162-38.5%

$147,585-62.4%

Participation rate

100.0%

79.7%+20.3pp

76.9%+23.1pp

82.8%+17.2pp

Annual return

11.93%

37.63%-25.7pp

34.88%-22.9pp

578.57%-566.6pp

Employer contribution / active EE

$2,984

$4,126-27.7%

$3,318-10.1%

$4,876-38.8%

Participant deferral / active EE

$3,929

$5,733-31.5%

$5,287-25.7%

$5,439-27.8%

Admin fee / account holder

$16,449

$8,046+104.4%

$5,943+176.8%

$10,885+51.1%

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

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