Retirement plan

VERA INSTITUTE PENSION PLAN

Name: VERA INSTITUTE OF JUSTICE, INC. - VERA INSTITUTE PENSION PLAN (2017) Form 5500
Creator: VERA INSTITUTE OF JUSTICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VERA INSTITUTE PENSION PLAN, VERA INSTITUTE OF JUSTICE, INC.

VERA INSTITUTE OF JUSTICE, INC.EIN 13-1941627Plan #001PY 2017

233 BROADWAY, 12TH FLOOR - NEW YORK, NY 10279212-376-3068vera.orgLinkedIn201-500 employeesnon-profit organization management

Other plans on this EIN

1 filing

#003Retirement-$8.0M assets

Prospect flagsLow participant contribution

Top hat statement on fileNQDC

Filed December 1, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

233 Broadway

New York State: NY Zip Code: 10279

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Plans declared (1)

Vera Institute of Justice 457(b) Deferred Compensation Plan1 emp

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Total assets (EOY)

$4.7M

+12.9% from 2016

Total participants

201

-7.4% from 2016

Average account balance

$24,573

+1.1% from 2016

Annual return

15.08%

+7.48 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.17M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

241

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.

100.0%

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC2 years Service code 53 · EIN 74-2794194	Insurance Commissions	$11,218
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$7,687
AMERICAN FUNDS1 year Service code 52 · EIN 95-2769620	Indirect Investment Fees	$0
CALVERT1 year Service code 52 · EIN 52-2236318	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-2466841	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 52-1538909	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 13-5108880	Indirect Investment Fees	$0
IVY FUNDS1 year Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2F2G2K3D2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$60 / participant

Investment mgmt$7K92.1%
Contract admin$6417.9%

% of EOY assets

0.172%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRASSI & CO
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,573

$50,637-51.5%

$86,581-71.6%

$62,293-60.6%

Participation rate

93.4%

67.9%+25.5pp

73.5%+19.8pp

69.5%+23.9pp

Annual return

15.08%

20.80%-5.7pp

965.06%-950.0pp

28.90%-13.8pp

Employer contribution / active EE

$3,423

$2,075+65.0%

$2,840+20.6%

$2,042+67.6%

Participant deferral / active EE

$2,611-100.0%

$3,609-100.0%

$3,169-100.0%

Admin fee / account holder

$42

$413-89.8%

$4,904-99.1%

$479-91.2%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC2 years

Service code 53 · EIN 74-2794194

Insurance Commissions

$11,218

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$7,687

AMERICAN FUNDS1 year

Service code 52 · EIN 95-2769620

Indirect Investment Fees

CALVERT1 year

Service code 52 · EIN 52-2236318

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-2466841

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 52-1538909

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 13-5108880

Indirect Investment Fees

IVY FUNDS1 year

Service code 52 · EIN 04-6006759

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

VERA INSTITUTE PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VERA INSTITUTE PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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