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 (2020) 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 2020

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$63.4M

+9.1% from 2019

Total participants

1,918

+1.6% from 2019

Average account balance

$35,720

+7.2% from 2019

Annual return

12.80%

-3.51 pp from 2019

Benchmarks

See 243 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
TIAA6+ years Service code 15 · EIN 13-1624203	Recordkeeping	$48,731
DIMEO SCHNEIDER & ASSOCIATES LLC1 year Service code 27 · EIN 36-4001764	Advisory (Plan)	$16,664

Plan features & details

Pension benefit codes2F2G2L2M2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$65K

$61 / participant

Investment mgmt$17K26.5%
Contract admin$47K71.6%
Other / not subdivided$1K1.9%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

2 / 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: GUILMARTIN, DIPIRO & SOKOLOWSKI LLC
Auditor EIN: 060971998
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,720

$47,634-25.0%

$90,430-60.5%

$90,274-60.4%

Participation rate

86.8%

67.5%+19.3pp

72.7%+14.1pp

73.4%+13.4pp

Annual return

12.80%

19.61%-6.8pp

1293.73%-1280.9pp

53.97%-41.2pp

Employer contribution / active EE

$1,700

$1,749-2.8%

$3,262-47.9%

$2,523-32.6%

Participant deferral / active EE

$1,608

$2,824-43.1%

$3,963-59.4%

$4,231-62.0%

Admin fee / account holder

$37

$106-65.3%

$5,613-99.3%

$114-67.7%

Provider

Service type

Compensation

TIAA6+ years

Service code 15 · EIN 13-1624203

Recordkeeping

$48,731

DIMEO SCHNEIDER & ASSOCIATES LLC1 year

Service code 27 · EIN 36-4001764

Advisory (Plan)

$16,664

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