Retirement plan

403(B) THRIFT PLAN OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND

Name: COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND - 403(B) THRIFT PLAN OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND (2020) Form 5500
Creator: COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND, COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND

COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLANDEIN 11-2221341Plan #001PY 2020

2100 MIDDLE COUNTRY RD STE 300 - CENTEREACH, NY 117203578631-471-1215cdp.ujcstage.urbanjustice.orgLinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$2.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.2M

+20.8% from 2019

Total participants

119

+7.2% from 2019

Average account balance

$34,953

+8.6% from 2019

Annual return

13.80%

-6.93 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.85M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

157

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.

64.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$670K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$275K

$2896 / participant

Other / not subdivided$275K100.0%

% of EOY assets

6.613%

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

$34,953

$91,179-61.7%

$178,499-80.4%

$79,852-56.2%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

13.80%

24.19%-10.4pp

151.10%-137.3pp

31.72%-17.9pp

Employer contribution / active EE

$1,995

$3,256-38.7%

$5,011-60.2%

$2,471-19.3%

Participant deferral / active EE

$3,426

$3,236+5.9%

$5,202-34.1%

$3,740-8.4%

Admin fee / account holder

$2,312

$6,749-65.7%

$13,986-83.5%

$5,306-56.4%

403(B) THRIFT PLAN OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND

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