Retirement plan

AICHE TAX DEFERRED SAVINGS PLAN

Name: AMERICAN INSTITUTE OF CHEMICAL ENGINEERS - AICHE TAX DEFERRED SAVINGS PLAN (2023) Form 5500
Creator: AMERICAN INSTITUTE OF CHEMICAL ENGINEERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AICHE TAX DEFERRED SAVINGS PLAN, AMERICAN INSTITUTE OF CHEMICAL ENGINEERS

AMERICAN INSTITUTE OF CHEMICAL ENGINEERSEIN 13-1623892Plan #003PY 2023

120 WALL ST. FLOOR 23 - NEW YORK, NY 10005646-495-1385

Other plans on this EIN

2 filings

#001Retirement-$8.2M assets #002Retirement-$1.8M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$26.7M

+16.2% from 2022

Total participants

185

+3.9% from 2022

Average account balance

$147,766

+12.4% from 2022

Annual return

15.15%

+19.43 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.72M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

190

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
TIAA3 years Service code 15 · EIN 13-1624203	Recordkeeping	$16,761

Plan features & details

Pension benefit codes2F2G2L2M2R2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$17K

$143 / participant

Recordkeeping$16K97.0%
Investment mgmt$4983.0%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,766

$58,312+153.4%

$86,656+70.5%

$71,529+106.6%

Participation rate

96.6%

65.0%+31.5pp

71.7%+24.9pp

67.9%+28.6pp

Annual return

15.15%

24.08%-8.9pp

593.09%-577.9pp

28.97%-13.8pp

Employer contribution / active EE

$11,215

$2,576+335.3%

$3,025+270.7%

$2,590+333.0%

Participant deferral / active EE

$7,244

$3,439+110.6%

$4,439+63.2%

$4,291+68.8%

Admin fee / account holder

$93

$1,057-91.2%

$5,619-98.4%

$1,588-94.2%

Provider

Service type

Compensation

TIAA3 years

Service code 15 · EIN 13-1624203

Recordkeeping

$16,761

AICHE TAX DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AICHE TAX DEFERRED SAVINGS 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