Retirement plan

403(B) THRIFT PLAN OF LONG ISLAND ADVOCACY CENTER, INC.

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

LONG ISLAND ADVOCACY CENTER, INC.EIN 11-2578154Plan #001PY 2020

999 HERRICKS RD - NEW HYDE PARK, NY 110401353516-248-2222theliac.orgLinkedIn11-50 employeeslaw practice

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+28.2% from 2019

Total participants

+5.1% from 2019

Average account balance

$66,846

+21.8% from 2019

Annual return

20.21%

+3.60 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.08M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

148.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10736

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

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 codes2F2G2T

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$11K

$342 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.397%

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

$66,846

$91,167-26.7%

$178,498-62.6%

$79,858-16.3%

Participation rate

96.8%

69.2%+27.6pp

81.9%+14.8pp

69.6%+27.1pp

Annual return

20.21%

24.19%-4.0pp

151.09%-130.9pp

31.72%-11.5pp

Employer contribution / active EE

$2,560

$3,255-21.4%

$5,011-48.9%

$2,471+3.6%

Participant deferral / active EE

$3,139

$3,236-3.0%

$5,202-39.7%

$3,740-16.1%

Admin fee / account holder

$265

$6,747-96.1%

$13,985-98.1%

$5,306-95.0%

403(B) THRIFT PLAN OF LONG ISLAND ADVOCACY CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF LONG ISLAND ADVOCACY CENTER, INC.

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