Retirement plan

PUBLIC LIBRARY OF NEW LONDON TAX DEFERRED ANNUITY PLAN 403B THRIFT PLAN

Name: PUBLIC LIBRARY OF NEW LONDON - PUBLIC LIBRARY OF NEW LONDON TAX DEFERRED ANNUITY PLAN 403B THRIFT PLAN (2015) Form 5500
Creator: PUBLIC LIBRARY OF NEW LONDON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PUBLIC LIBRARY OF NEW LONDON TAX DEFERRED ANNUITY PLAN 403B THRIFT PLAN, PUBLIC LIBRARY OF NEW LONDON

PUBLIC LIBRARY OF NEW LONDONEIN 06-0662170Plan #001PY 2015

63 HUNTINGTON STREET - NEW LONDON, CT 06320860-447-1411plnl.orgLinkedIn11-50 employeeslibraries

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$327K

No prior year

Total participants

No prior year

Average account balance

$32,654

No prior year

Annual return

0.55%

No prior year

Benchmarks

See 6,946 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort6,946 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$549K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

185.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33K

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

+6.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1044

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 codes2L

Plan features

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

Opportunity flags

2 tripped

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

$78K

$9700 / participant

Other / not subdivided$78K100.0%

% of EOY assets

23.764%

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

$32,654

$86,705-62.3%

$73,309-55.5%

$125,393-74.0%

Participation rate

100.0%

78.6%+21.4pp

74.9%+25.1pp

83.2%+16.8pp

Annual return

0.55%

2.78%-2.2pp

5.67%-5.1pp

282.23%-281.7pp

Employer contribution / active EE

$1,643

$4,152-60.4%

$3,237-49.3%

$4,866-66.2%

Participant deferral / active EE

$2,609

$5,549-53.0%

$4,991-47.7%

$5,351-51.3%

Admin fee / account holder

$7,760

$7,772-0.2%

$5,637+37.7%

$9,541-18.7%

PUBLIC LIBRARY OF NEW LONDON TAX DEFERRED ANNUITY PLAN 403B THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PUBLIC LIBRARY OF NEW LONDON TAX DEFERRED ANNUITY PLAN 403B THRIFT 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