Retirement plan

FIVE TOWNS COLLEGE SAVINGS RETIREMENT PLAN

Name: FIVE TOWNS COLLEGE - FIVE TOWNS COLLEGE SAVINGS RETIREMENT PLAN (2019) Form 5500
Creator: FIVE TOWNS COLLEGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIVE TOWNS COLLEGE SAVINGS RETIREMENT PLAN, FIVE TOWNS COLLEGE

FIVE TOWNS COLLEGEEIN 11-2249389Plan #001PY 2019

305 NORTH SERVICE ROAD - DIX HILLS, NY 117465871631-424-7000ftc.eduLinkedIn1-10 employeeshigher education

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6.6M

+5.4% from 2018

Total participants

138

+1.5% from 2018

Average account balance

$65,022

+4.3% from 2018

Annual return

2.95%

-11.38 pp from 2018

Benchmarks

See 3,900 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,900 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.25M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$249K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18541

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

Top 3 by compensation

Provider	Service type	Compensation
CHERNOFF DIAMOND & CO., LLC4+ years Service code 11 · EIN 11-2836994	Actuarial	$18,072
USI CONSULTING GROUP1 year Service code 12 · EIN 06-1053228	Finders' fees / placement fees; Claim...	$6,429
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$1,752

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$275 / participant

Contract admin$25K100.0%

% of EOY assets

0.373%

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: SECKENDORF HASSON & REILLY CPA LLC
Auditor EIN: 113525439
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,022

$45,082+44.2%

$69,464-6.4%

$72,975-10.9%

Participation rate

58.4%

68.5%-10.1pp

74.6%-16.2pp

69.5%-11.1pp

Annual return

2.95%

22.66%-19.7pp

28.98%-26.0pp

81.01%-78.1pp

Employer contribution / active EE

$2,055-100.0%

$2,779-100.0%

$2,440-100.0%

Participant deferral / active EE

$2,672

$2,604+2.6%

$3,536-24.4%

$3,608-25.9%

Admin fee / account holder

$243

$3,057-92.1%

$3,840-93.7%

$5,124-95.3%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC4+ years

Service code 11 · EIN 11-2836994

Actuarial

$18,072

USI CONSULTING GROUP1 year

Service code 12 · EIN 06-1053228

Finders' fees / placement fees; Claim...

$6,429

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$1,752

FIVE TOWNS COLLEGE SAVINGS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIVE TOWNS COLLEGE SAVINGS RETIREMENT 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