Retirement plan

THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN

Name: ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC. - THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN (2018) Form 5500
Creator: ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN, ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC.

ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC.EIN 11-2195458Plan #001PY 2018

134 JACKSON STREET - HEMPSTEAD, NY 11550519-292-9710LinkedIn1-10 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.1M

-2.6% from 2017

Total participants

231

-41.4% from 2017

Average account balance

$19,098

+69.1% from 2017

Annual return

0.48%

-0.41 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.27M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

181

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.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$485K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+22.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 6 by compensation

Provider	Service type	Compensation
SWERDLIN & COMPANY3+ years Filed as: SWERDLIN NORTHEAST, LLC Service code 17 · EIN 45-1256287 13 WATER STREET · HOLLISTON, MA 01746	Pension Consulting	$9,725
COMMONWEALTH FINANCIAL NETWORK1 year Service code 71 · EIN 04-2675571	Brokerage Fees	$8,187
NAWROCKI SMITH LLP2 years Filed as: NAWROCKI SMITH, LLP Service code 10 · EIN 74-3216978	Accounting	$4,000
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL RETIREMENT SERVICES Service code 21 · EIN 26-1589907	Bank Trustee	$2,813
NORTHERN CAPITAL SEC CORP3+ years Service code 71 · EIN 04-3304189	Brokerage Fees	$0
RELIANCE TRUST COMPANY3+ years Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2L2K2F2G2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$17K

$95 / participant

Contract admin$1K7.5%
Other / not subdivided$16K92.5%

% of EOY assets

0.414%

all-in expense ratio

Categories reported

1 / 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: NAWROCKI SMITH LLP
Auditor EIN: 743216978
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,098

$44,873-57.4%

$79,466-76.0%

$56,287-66.1%

Participation rate

92.3%

68.7%+23.5pp

73.3%+18.9pp

69.9%+22.4pp

Annual return

0.48%

0.81%-0.3pp

718.28%-717.8pp

-9.96%+10.4pp

Employer contribution / active EE

$1,204

$2,140-43.7%

$2,800-57.0%

$2,111-43.0%

Participant deferral / active EE

$1,281

$2,746-53.3%

$3,704-65.4%

$3,350-61.8%

Admin fee / account holder

$79

$418-81.1%

$5,104-98.4%

$521-84.8%

Provider

Service type

Compensation

SWERDLIN & COMPANY3+ years

Filed as: SWERDLIN NORTHEAST, LLC

Service code 17 · EIN 45-1256287

13 WATER STREET · HOLLISTON, MA 01746

Pension Consulting

$9,725

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 71 · EIN 04-2675571

Brokerage Fees

$8,187

NAWROCKI SMITH LLP2 years

Filed as: NAWROCKI SMITH, LLP

Service code 10 · EIN 74-3216978

Accounting

$4,000

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL RETIREMENT SERVICES

Service code 21 · EIN 26-1589907

Bank Trustee

$2,813

NORTHERN CAPITAL SEC CORP3+ years

Service code 71 · EIN 04-3304189

Brokerage Fees

RELIANCE TRUST COMPANY3+ years

Service code 19 · EIN 58-1428634

Securities Custodian

THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LUENETTA MILLER EOC RETIREMENT BENEFIT 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