Retirement plan

CONNECTICUT INSTITUTE FOR THE BLIND, INC. SECTION 403(B) PLAN

Name: CONNECTICUT INSTITUTE FOR THE BLIND - CONNECTICUT INSTITUTE FOR THE BLIND, INC. SECTION 403(B) PLAN (2017) Form 5500
Creator: CONNECTICUT INSTITUTE FOR THE BLIND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONNECTICUT INSTITUTE FOR THE BLIND, INC. SECTION 403(B) PLAN, CONNECTICUT INSTITUTE FOR THE BLIND

CONNECTICUT INSTITUTE FOR THE BLINDEIN 06-0669111Plan #001PY 2017

120 HOLCOMB ST. - HARTFORD, CT 06112860-242-2274ciboakhill.orgLinkedIn1001-5000 employeescivic & social organization

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$52.3M

+13.5% from 2016

Total participants

1,965

+3.9% from 2016

Average account balance

$31,644

+6.7% from 2016

Annual return

14.91%

+7.91 pp from 2016

Benchmarks

See 217 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort217 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77.49M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

1,798

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
TIAA3+ years Service code 15 · EIN 13-1624203	Recordkeeping	$63,721

Plan features & details

Pension benefit codes2F2G2L2M2T

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.
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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$64K

$47 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

0 / 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: BLUM SHAPIRO & COMPANY
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,644

$41,256-23.3%

$86,582-63.5%

$77,958-59.4%

Participation rate

77.1%

63.0%+14.1pp

73.5%+3.5pp

71.6%+5.4pp

Annual return

14.91%

17.67%-2.8pp

965.08%-950.2pp

20.87%-6.0pp

Employer contribution / active EE

$1,441

$1,613-10.7%

$2,839-49.3%

$2,310-37.7%

Participant deferral / active EE

$993

$2,332-57.4%

$3,609-72.5%

$3,537-71.9%

Admin fee / account holder

$39

$71-45.5%

$4,904-99.2%

$97-60.4%

Provider

Service type

Compensation

TIAA3+ years

Service code 15 · EIN 13-1624203

Recordkeeping

$63,721

CONNECTICUT INSTITUTE FOR THE BLIND, INC. SECTION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONNECTICUT INSTITUTE FOR THE BLIND, INC. SECTION 403(B) 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