Retirement plan

CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN

Name: CONNECTICUT EDUCATION ASSOCIATION INC - CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN (2016) Form 5500
Creator: CONNECTICUT EDUCATION ASSOCIATION INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN, CONNECTICUT EDUCATION ASSOCIATION INC

CONNECTICUT EDUCATION ASSOCIATION INCEIN 06-0666277Plan #002PY 2016

CAPITOL PLACE, SUITE 500, 21 OAK STREET - HARTFORD, CT 06106860-725-6336cea.orgLinkedIn51-200 employeeshigher education

Other plans on this EIN

1 filing

#001Retirement-$26.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.1M

No prior year

Total participants

No prior year

Average account balance

$137,565

No prior year

Annual return

8.27%

No prior year

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.85M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

121.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3636

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 codes2E3D2G2J2F2T

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.
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.
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

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

$1.1M

$15988 / participant

Other / not subdivided$1M100.0%

% of EOY assets

12.326%

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

$137,565

$76,551+79.7%

$123,894+11.0%

$62,881+118.8%

Participation rate

78.6%

73.0%+5.6pp

81.4%-2.8pp

69.3%+9.3pp

Annual return

8.27%

18.68%-10.4pp

47.52%-39.2pp

20.14%-11.9pp

Employer contribution / active EE

$4,751

$2,882+64.8%

$4,617+2.9%

$2,281+108.3%

Participant deferral / active EE

$7,383

$4,840+52.5%

$5,984+23.4%

$3,203+130.5%

Admin fee / account holder

$16,957

$4,826+251.4%

$8,357+102.9%

$4,296+294.7%

CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CEA TAX DEFERRED SAVINGS & INVESTMENTS 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