Retirement plan

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Name: COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATE LIBRARI - OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN (2018) Form 5500
Creator: COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATE LIBRARI
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 LIBRARI

COOPERATING LIBRARIES AUTOMATED NETWORK, INC D/B/A OCEAN STATE LIBRARIEIN 05-0465916Plan #001PY 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$877K

+31.9% from 2017

Total participants

0.0% from 2017

Average account balance

$73,091

+31.9% from 2017

Annual return

22.29%

+10.35 pp from 2017

Benchmarks

See 8,369 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,369 peers

Snapshot2018

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$73,091

$97,020-24.7%

$83,327-12.3%

$135,380-46.0%

Participation rate

100.0%

80.4%+19.6pp

77.8%+22.2pp

82.6%+17.4pp

Annual return

22.29%

12.31%+10.0pp

10.64%+11.6pp

519.81%-497.5pp

Employer contribution / active EE

$3,254

$4,144-21.5%

$3,379-3.7%

$4,779-31.9%

Participant deferral / active EE

$4,707

$5,964-21.1%

$5,565-15.4%

$5,609-16.1%

Admin fee / account holder

$8,426-100.0%

$7,540-100.0%

$10,828-100.0%

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion