Retirement plan

CFDFC 401(K) PLAN

Name: CENTRAL FALLS DETENTION FACILITY - CFDFC 401(K) PLAN (2016) Form 5500
Creator: CENTRAL FALLS DETENTION FACILITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CFDFC 401(K) PLAN, CENTRAL FALLS DETENTION FACILITY

CENTRAL FALLS DETENTION FACILITYEIN 05-0475439Plan #001PY 2016

950 HIGH STREET - CENTRAL FALLS, RI 02863401-826-9200LinkedIn201-500 employeeslaw enforcement

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4M

+7.4% from 2015

Total participants

203

0.0% from 2015

Average account balance

$27,570

+3.7% from 2015

Annual return

3.85%

+5.23 pp from 2015

Benchmarks

See 36,473 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants100-249

Cohort36,473 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.52M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

182

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.

59.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALPHA PENSION GROUP, INC.1 year Filed as: ALPHA PENSION GROUP INC Service code 99 · EIN 26-2219855	Other Fees	$1,492

Plan features & details

Pension benefit codes2F2G2J2K2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$78 / participant

Contract admin$9K64.9%
Other / not subdivided$5K35.1%

% of EOY assets

0.333%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BACON & COMPANY CPA'S LLC
Auditor EIN: 270111571
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,570

$55,167-50.0%

$46,225-40.4%

$55,167-50.0%

Participation rate

65.9%

69.0%-3.1pp

79.5%-13.6pp

69.0%-3.1pp

Annual return

3.85%

169.23%-165.4pp

7.57%-3.7pp

169.23%-165.4pp

Employer contribution / active EE

$1,000

$1,963-49.0%

$3,424-70.8%

$1,963-49.0%

Participant deferral / active EE

$2,288

$3,054-25.1%

$3,776-39.4%

$3,054-25.1%

Admin fee / account holder

$92

$504-81.8%

$3,519-97.4%

$504-81.8%

Provider

Service type

Compensation

ALPHA PENSION GROUP, INC.1 year

Filed as: ALPHA PENSION GROUP INC

Service code 99 · EIN 26-2219855

Other Fees

$1,492

CFDFC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CFDFC 401(K) 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