Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF QUEENS PUBLIC COMMUNICATIONS CORP.

Name: QUEENS PUBLIC COMMUNICATIONS CORP. - SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF QUEENS PUBLIC COMMUNICATIONS CORP. (2020) Form 5500
Creator: QUEENS PUBLIC COMMUNICATIONS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF QUEENS PUBLIC COMMUNICATIONS CORP., QUEENS PUBLIC COMMUNICATIONS CORP.

QUEENS PUBLIC COMMUNICATIONS CORP.EIN 11-2657545Plan #001PY 2020

41-61 KISSENA BOULEVARD SUITE 2077 - FLUSHING, NY 11355718-886-8160LinkedIn51-200 employeestelecommunications

Other plans on this EIN

1 filing

#002Retirement-$2.7M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+16.2% from 2019

Total participants

-6.1% from 2019

Average account balance

$51,808

+20.0% from 2019

Annual return

7.92%

-3.51 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2305

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 codes2F2G2L2S3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$23K

$940 / participant

Other / not subdivided$23K100.0%

% of EOY assets

1.463%

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

$51,808

$70,486-26.5%

$100,535-48.5%

$79,856-35.1%

Participation rate

100.0%

73.6%+26.4pp

79.4%+20.6pp

69.6%+30.4pp

Annual return

7.92%

21.90%-14.0pp

30.90%-23.0pp

31.71%-23.8pp

Employer contribution / active EE

$3,024

$2,165+39.7%

$3,419-11.5%

$2,471+22.4%

Participant deferral / active EE

$2,476

$5,182-52.2%

$6,271-60.5%

$3,741-33.8%

Admin fee / account holder

$758

$4,480-83.1%

$8,085-90.6%

$5,306-85.7%

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF QUEENS PUBLIC COMMUNICATIONS CORP.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF QUEENS PUBLIC COMMUNICATIONS CORP.

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