Retirement plan

TIAA-CREF RETIREMENT PLAN FOR THE EMPLOYEES OF THE MYSTIC & NOANK LIBRARY, INC.

Name: MYSTIC AND NOANK LIBRARY - TIAA-CREF RETIREMENT PLAN FOR THE EMPLOYEES OF THE MYSTIC & NOANK LIBRARY, INC. (2016) Form 5500
Creator: MYSTIC AND NOANK LIBRARY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIAA-CREF RETIREMENT PLAN FOR THE EMPLOYEES OF THE MYSTIC & NOANK LIBRARY, INC., MYSTIC AND NOANK LIBRARY

MYSTIC AND NOANK LIBRARYEIN 06-0709292Plan #001PY 2016

40 LIBRARY STREET - MYSTIC, CT 063552499860-536-7721mysticnoanklibrary.orgLinkedIn11-50 employeeslibraries

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$604K

No prior year

Total participants

No prior year

Average account balance

$46,479

No prior year

Annual return

7.26%

No prior year

Benchmarks

See 7,787 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort7,787 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.31M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

188.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+24.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3398

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 codes2G2L3D

Plan features

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.
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

$46K

$4216 / participant

Other / not subdivided$46K100.0%

% of EOY assets

7.675%

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

$46,479

$96,558-51.9%

$80,977-42.6%

$273,972-83.0%

Participation rate

100.0%

79.1%+20.9pp

75.8%+24.2pp

83.0%+17.0pp

Annual return

7.26%

15.14%-7.9pp

17.11%-9.8pp

41.46%-34.2pp

Employer contribution / active EE

$1,084

$4,869-77.7%

$3,715-70.8%

$4,869-77.7%

Participant deferral / active EE

$1,625

$6,598-75.4%

$5,696-71.5%

$5,287-69.3%

Admin fee / account holder

$3,567

$7,493-52.4%

$5,517-35.3%

$10,133-64.8%

TIAA-CREF RETIREMENT PLAN FOR THE EMPLOYEES OF THE MYSTIC & NOANK LIBRARY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIAA-CREF RETIREMENT PLAN FOR THE EMPLOYEES OF THE MYSTIC & NOANK LIBRARY, INC.

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