Retirement plan

BROOKLYN COLLEGE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN

Name: BROOKLYN COLLEGE FOUNDATION, INC. - BROOKLYN COLLEGE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: BROOKLYN COLLEGE FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOKLYN COLLEGE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN, BROOKLYN COLLEGE FOUNDATION, INC.

BROOKLYN COLLEGE FOUNDATION, INC.EIN 11-1904329Plan #001PY 2016

2900 BEDFORD AVENUE - BROOKLYN, NY 11210718-951-5074brooklyn.cuny.edu/web/support/foundation/about.phpLinkedIn11-50 employeesphilanthropy

Other plans on this EIN

2 filings

#002Retirement-$60K assets #003Retirement-$32K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

No prior year

Average account balance

$99,112

No prior year

Annual return

-3.02%

No prior year

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.88M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+21.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5824

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 codes2E2F2G2J

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$69K

$7692 / participant

Other / not subdivided$69K100.0%

% of EOY assets

6.350%

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

$99,112

$90,486+9.5%

$78,676+26.0%

$273,972-63.8%

Participation rate

88.9%

76.5%+12.4pp

73.6%+15.3pp

83.0%+5.9pp

Annual return

-3.02%

75.62%-78.6pp

62.19%-65.2pp

41.46%-44.5pp

Employer contribution / active EE

$6,919

$3,175+117.9%

$2,850+142.8%

$4,869+42.1%

Participant deferral / active EE

$3,650

$3,901-6.4%

$3,517+3.8%

$5,287-31.0%

Admin fee / account holder

$6,294

$5,263+19.6%

$4,510+39.6%

$10,133-37.9%

BROOKLYN COLLEGE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOKLYN COLLEGE FOUNDATION, INC. 401(K) PROFIT SHARING 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