Retirement plan

CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN

Name: CONNECTICUT EDUCATION ASSOCIATION - CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN (2023) Form 5500
Creator: CONNECTICUT EDUCATION ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CEA TAX DEFERRED SAVINGS & INVESTMENTS PLAN, CONNECTICUT EDUCATION ASSOCIATION

CONNECTICUT EDUCATION ASSOCIATIONEIN 06-0666277Plan #002PY 2023

21 OAK STREET - HARTFORD, CT 06106860-725-6303cea.orgLinkedIn51-200 employeeshigher education

Other plans on this EIN

1 filing

#001Retirement-$42.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$15.7M

+6.4% from 2022

Total participants

+8.6% from 2022

Average account balance

$194,021

-1.5% from 2022

Annual return

14.72%

+28.98 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.4M

$34302 / participant

Other / not subdivided$2M100.0%

% of EOY assets

15.497%

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

$194,021

$93,598+107.3%

$135,974+42.7%

$75,173+158.1%

Participation rate

90.1%

75.2%+14.9pp

81.9%+8.2pp

67.2%+22.9pp

Annual return

14.72%

30.89%-16.2pp

68.30%-53.6pp

160.72%-146.0pp

Employer contribution / active EE

$7,260

$3,538+105.2%

$4,859+49.4%

$2,671+171.8%

Participant deferral / active EE

$8,966

$6,405+40.0%

$7,760+15.5%

$4,126+117.3%

Admin fee / account holder

$30,067

$6,978+330.9%

$10,767+179.3%

$5,651+432.1%

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