Retirement plan

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Name: COOPERATING LIBRARIES AUTOMATED NETWORK D/B/A OCEAN STATE LIBRARI - OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN (2023) Form 5500
Creator: COOPERATING LIBRARIES AUTOMATED NETWORK 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 D/B/A OCEAN STATE LIBRARI

COOPERATING LIBRARIES AUTOMATED NETWORK D/B/A OCEAN STATE LIBRARIEIN 05-0465916Plan #001PY 2023

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)

$1.4M

+26.3% from 2022

Total participants

+23.1% from 2022

Average account balance

$93,258

+9.5% from 2022

Annual return

19.30%

+17.97 pp from 2022

Benchmarks

See 11,277 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort11,277 peers

Snapshot2023

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 codes2E2F2G2L2M3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Expense breakdown

Schedule H Part II

Admin total

$3K

$298 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.213%

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

$93,258

$105,145-11.3%

$94,664-1.5%

$139,466-33.1%

Participation rate

90.0%

82.4%+7.6pp

80.8%+9.2pp

80.3%+9.7pp

Annual return

19.30%

38.09%-18.8pp

156.84%-137.5pp

373.66%-354.4pp

Employer contribution / active EE

$3,293

$4,107-19.8%

$3,673-10.3%

$4,754-30.7%

Participant deferral / active EE

$4,810

$7,599-36.7%

$7,417-35.2%

$6,712-28.3%

Admin fee / account holder

$199

$8,972-97.8%

$7,222-97.3%

$11,409-98.3%

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