Retirement plan

THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 401(K) PLAN

Name: COMMUNITY FOUNDATION FOR GREATER NEW HAVEN - THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 401(K) PLAN (2024) Form 5500
Creator: COMMUNITY FOUNDATION FOR GREATER NEW HAVEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 401(K) PLAN, COMMUNITY FOUNDATION FOR GREATER NEW HAVEN

COMMUNITY FOUNDATION FOR GREATER NEW HAVENEIN 06-6032106Plan #002PY 2024

70 AUDUBON ST - NEW HAVEN, CT 065101248203-777-2386cfgnh.orgLinkedIn11-50 employeesphilanthropy

Other plans on this EIN

1 filing

#003Retirement-$10K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.3M

+39.9% from 2023

Total participants

-4.6% from 2023

Average account balance

$182,473

+46.7% from 2023

Annual return

65.40%

+49.31 pp from 2023

Benchmarks

See 10,646 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,646 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.31M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

126.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$666K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+65.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44516

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

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

$2.8M

$56326 / participant

Other / not subdivided$3M100.0%

% of EOY assets

24.396%

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

$182,473

$58,311+212.9%

$81,882+122.8%

$80,959+125.4%

Participation rate

100.0%

63.5%+36.5pp

72.4%+27.6pp

67.7%+32.3pp

Annual return

65.40%

41.85%+23.6pp

779.47%-714.1pp

35.67%+29.7pp

Employer contribution / active EE

$10,502

$2,347+347.5%

$2,916+260.2%

$2,757+280.9%

Participant deferral / active EE

$3,091

$3,287-6.0%

$4,323-28.5%

$4,300-28.1%

Admin fee / account holder

$44,516

$4,752+836.8%

$7,360+504.9%

$6,925+542.8%

THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 401(K) 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