Retirement plan

403(B) THRIFT PLAN OF BUSINESS OUTREACH CENTER NETWORK, INC.

Name: BUSINESS OUTREACH CENTER NETWORK, INC. - 403(B) THRIFT PLAN OF BUSINESS OUTREACH CENTER NETWORK, INC. (2018) Form 5500
Creator: BUSINESS OUTREACH CENTER NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF BUSINESS OUTREACH CENTER NETWORK, INC., BUSINESS OUTREACH CENTER NETWORK, INC.

BUSINESS OUTREACH CENTER NETWORK, INC.EIN 11-3306111Plan #001PY 2018

85 S OXFORD ST - BROOKLYN, NY 112171607718-624-9115bocnet.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$542K

+20.9% from 2017

Total participants

+437.5% from 2017

Average account balance

$14,251

-74.5% from 2017

Annual return

0.97%

-4.20 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.44M

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.

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$387K

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

+9.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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 codes2F2S2T3D

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).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$279

$8 / participant

Other / not subdivided$279100.0%

% of EOY assets

0.052%

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

$14,251

$75,962-81.2%

$154,111-90.8%

$64,173-77.8%

Participation rate

86.5%

70.4%+16.1pp

83.0%+3.4pp

69.6%+16.9pp

Annual return

0.97%

30.32%-29.4pp

735.18%-734.2pp

7.63%-6.7pp

Employer contribution / active EE

$1,115

$3,350-66.7%

$5,298-79.0%

$2,381-53.2%

Participant deferral / active EE

$1,298

$3,175-59.1%

$5,081-74.5%

$3,470-62.6%

Admin fee / account holder

$5,589-99.9%

$13,411-99.9%

$4,887-99.8%

403(B) THRIFT PLAN OF BUSINESS OUTREACH CENTER NETWORK, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF BUSINESS OUTREACH CENTER NETWORK, 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