Retirement plan

AFSCME COUNCIL 4 SAVINGS & RETIREMENT PLAN

Name: AFSCME CONNECTICUT COUNCIL 4 - AFSCME COUNCIL 4 SAVINGS & RETIREMENT PLAN (2019) Form 5500
Creator: AFSCME CONNECTICUT COUNCIL 4
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFSCME COUNCIL 4 SAVINGS & RETIREMENT PLAN, AFSCME CONNECTICUT COUNCIL 4

AFSCME CONNECTICUT COUNCIL 4EIN 06-0797646Plan #002PY 2019

444 E MAIN STREET - NEW BRITAIN, CT 060512055860-224-4000council4.orgLinkedIn51-200 employeescivic & social organization

Other plans on this EIN

1 filing

#003Retirement-$929K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.5M

+19.6% from 2018

Total participants

+3.3% from 2018

Average account balance

$91,709

+19.6% from 2018

Annual return

18.79%

+22.60 pp from 2018

Benchmarks

See 8,598 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,598 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.69M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$293K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10141

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 codes2E2F2G2J2T

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.

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

$316K

$6716 / participant

Other / not subdivided$316K100.0%

% of EOY assets

5.737%

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

$91,709

$54,763+67.5%

$90,324+1.5%

$72,976+25.7%

Participation rate

95.7%

65.2%+30.6pp

73.3%+22.5pp

69.5%+26.3pp

Annual return

18.79%

30.63%-11.8pp

78.15%-59.4pp

81.02%-62.2pp

Employer contribution / active EE

$1,711

$2,093-18.2%

$2,856-40.1%

$2,440-29.9%

Participant deferral / active EE

$5,814

$2,887+101.4%

$3,885+49.6%

$3,608+61.2%

Admin fee / account holder

$5,261

$3,973+32.4%

$5,356-1.8%

$5,124+2.7%

AFSCME COUNCIL 4 SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFSCME COUNCIL 4 SAVINGS & RETIREMENT 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