Retirement plan

THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN

Name: ECONOMIC OPPORTUNITY COMMISSION OF NASSAU COUNTY, INC. - THE LUENETTA MILLER EOC RETIREMENT BENEFIT PLAN (2020) 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 2020

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.4M

+11.5% from 2019

Total participants

244

+4.7% from 2019

Average account balance

$20,069

+5.4% from 2019

Annual return

7.87%

+4.70 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE STANDARD2 years Service code 19 · EIN 93-1253576	Securities Custodian	$25,045
COMMONWEALTH FINANCIAL NETWORK3 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$7,351
CHARLES SCHWAB & CO., INC.2 years 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

$30K

$181 / participant

Contract admin$30K100.0%

% of EOY assets

0.678%

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

$20,069

$66,124-69.6%

$90,440-77.8%

$73,493-72.7%

Participation rate

86.1%

69.7%+16.5pp

72.7%+13.5pp

70.7%+15.5pp

Annual return

7.87%

17.65%-9.8pp

1294.38%-1286.5pp

28.51%-20.6pp

Employer contribution / active EE

$1,269

$2,346-45.9%

$3,263-61.1%

$2,270-44.1%

Participant deferral / active EE

$1,459

$3,039-52.0%

$3,964-63.2%

$3,740-61.0%

Admin fee / account holder

$136

$396-65.7%

$5,615-97.6%

$513-73.5%

Provider

Service type

Compensation

THE STANDARD2 years

Service code 19 · EIN 93-1253576

Securities Custodian

$25,045

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$7,351

CHARLES SCHWAB & CO., INC.2 years

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