Retirement plan

403(B) THRIFT PLAN OF BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT

Name: BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT - 403(B) THRIFT PLAN OF BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT (2021) Form 5500
Creator: BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT, BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT

BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNTEIN 11-6000163Plan #002PY 2021

2900 BEDFORD AVE RM 1146 - BROOKLYN, NY 112102850718-951-5241

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+11.3% from 2020

Total participants

+10.7% from 2020

Average account balance

$50,257

+0.2% from 2020

Annual return

20.64%

+17.37 pp from 2020

Benchmarks

See 6,471 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,471 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.89M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

245.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2204

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 codes2F2G2S2T

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$213K

$19345 / participant

Other / not subdivided$213K100.0%

% of EOY assets

14.114%

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

$50,257

$84,708-40.7%

$75,714-33.6%

$167,536-70.0%

Participation rate

90.9%

77.8%+13.1pp

74.8%+16.1pp

82.1%+8.8pp

Annual return

20.64%

199.62%-179.0pp

104.62%-84.0pp

478.82%-458.2pp

Employer contribution / active EE

$5,176

$3,231+60.2%

$2,744+88.7%

$4,839+7.0%

Participant deferral / active EE

$2,688

$4,577-41.3%

$3,820-29.6%

$6,342-57.6%

Admin fee / account holder

$7,093

$5,358+32.4%

$3,619+96.0%

$12,315-42.4%

403(B) THRIFT PLAN OF BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF BROOKLYN COLLEGE NON-TAX OPERATING ACCOUNT

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