Retirement plan

THE CENTURY FOUNDATION, INC. TDA RETIREMENT PLAN

Name: THE CENTURY FOUNDATION, INC. - THE CENTURY FOUNDATION, INC. TDA RETIREMENT PLAN (2019) Form 5500
Creator: THE CENTURY FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CENTURY FOUNDATION, INC. TDA RETIREMENT PLAN, THE CENTURY FOUNDATION, INC.

THE CENTURY FOUNDATION, INC.EIN 13-1624235Plan #002PY 2019

ONE WHITEHALL STREET, 15TH FLOOR - NEW YORK, NY 10004212-452-7708LinkedIn51-200 employeesthink tanks

Other plans on this EIN

1 filing

#001Retirement-$4.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-2.6% from 2018

Total participants

+16.3% from 2018

Average account balance

$62,747

-13.5% from 2018

Annual return

7.59%

-1.94 pp from 2018

Benchmarks

See 8,599 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,599 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.74M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

111

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.

231.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$586K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1681

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 codes2F2G2L2M2T

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$627K

$20229 / participant

Other / not subdivided$627K100.0%

% of EOY assets

18.508%

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

$62,747

$54,757+14.6%

$90,304-30.5%

$72,975-14.0%

Participation rate

90.3%

65.2%+25.2pp

73.3%+17.0pp

69.5%+20.8pp

Annual return

7.59%

30.63%-23.0pp

78.13%-70.5pp

81.01%-73.4pp

Employer contribution / active EE

$2,093-100.0%

$2,855-100.0%

$2,440-100.0%

Participant deferral / active EE

$8,741

$2,887+202.7%

$3,885+125.0%

$3,608+142.3%

Admin fee / account holder

$11,613

$3,973+192.3%

$5,354+116.9%

$5,124+126.6%

THE CENTURY FOUNDATION, INC. TDA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CENTURY FOUNDATION, INC. TDA RETIREMENT 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