Retirement plan

THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN

Name: ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC. - THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN (2019) 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 2019

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4M

-4.0% from 2018

Total participants

233

+0.9% from 2018

Average account balance

$19,038

-0.3% from 2018

Annual return

3.17%

+2.69 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.98M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

175

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.

49.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$495K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 5 by compensation

Provider	Service type	Compensation
THE STANDARD1 year Service code 19 · EIN 93-1253576	Securities Custodian	$36,353
SWERDLIN & COMPANY4+ years Filed as: SWERDLIN NORTHEAST, LLC Service code 10 · EIN 45-1256287	Accounting	$13,908
NAWROCKI SMITH LLP3 years Filed as: NAWROCKI SMITH, LLP Service code 10 · EIN 74-3216978	Accounting	$4,000
COMMONWEALTH FINANCIAL NETWORK2 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$546
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB Service code 19 · EIN 25-1838406	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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$51K

$312 / participant

Contract admin$36K71.7%
Other / not subdivided$14K28.3%

% of EOY assets

1.279%

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

$19,038

$51,620-63.1%

$90,300-78.9%

$65,185-70.8%

Participation rate

85.3%

68.6%+16.6pp

73.3%+12.0pp

70.2%+15.1pp

Annual return

3.17%

24.94%-21.8pp

78.11%-74.9pp

29.38%-26.2pp

Employer contribution / active EE

$1,251

$2,235-44.0%

$2,854-56.2%

$2,177-42.5%

Participant deferral / active EE

$1,561

$2,871-45.6%

$3,884-59.8%

$3,514-55.6%

Admin fee / account holder

$243

$384-36.6%

$5,353-95.5%

$847-71.3%

Provider

Service type

Compensation

THE STANDARD1 year

Service code 19 · EIN 93-1253576

Securities Custodian

$36,353

SWERDLIN & COMPANY4+ years

Filed as: SWERDLIN NORTHEAST, LLC

Service code 10 · EIN 45-1256287

Accounting

$13,908

NAWROCKI SMITH LLP3 years

Filed as: NAWROCKI SMITH, LLP

Service code 10 · EIN 74-3216978

Accounting

$4,000

COMMONWEALTH FINANCIAL NETWORK2 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$546

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB

Service code 19 · EIN 25-1838406

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