Retirement plan

PROFESSIONAL STAFF CONGRESS OF CITY UNIVERSITY OF NEW YORK 401(K)

Name: PROFESSIONAL STAFF CONGRESS OF CUNY - PROFESSIONAL STAFF CONGRESS OF CITY UNIVERSITY OF NEW YORK 401(K) (2022) Form 5500
Creator: PROFESSIONAL STAFF CONGRESS OF CUNY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL STAFF CONGRESS OF CITY UNIVERSITY OF NEW YORK 401(K), PROFESSIONAL STAFF CONGRESS OF CUNY

PROFESSIONAL STAFF CONGRESS OF CUNYEIN 13-2638049Plan #002PY 2022

25 BROADWAY, 9TH FLOOR - NEW YORK, NY 10004212-354-1252LinkedIn11-50 employeescivic & social organization

Other plans on this EIN

1 filing

#001Retirement-$4.5M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.7M

-20.3% from 2021

Total participants

+29.3% from 2021

Average account balance

$114,401

-45.2% from 2021

Annual return

-11.84%

-28.11 pp from 2021

Benchmarks

See 9,364 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,364 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.66M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1195

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 codes2E3D2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$586K

$15422 / participant

Other / not subdivided$586K100.0%

% of EOY assets

16.009%

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

$114,401

$54,357+110.5%

$82,706+38.3%

$68,495+67.0%

Participation rate

44.7%

63.9%-19.2pp

72.6%-27.8pp

67.9%-23.2pp

Annual return

-11.84%

-13.67%+1.8pp

701.76%-713.6pp

-7.84%-4.0pp

Employer contribution / active EE

$2,218-100.0%

$3,007-100.0%

$2,596-100.0%

Participant deferral / active EE

$4,859

$3,246+49.7%

$4,394+10.6%

$4,028+20.6%

Admin fee / account holder

$18,314

$4,396+316.6%

$5,329+243.7%

$5,403+238.9%

PROFESSIONAL STAFF CONGRESS OF CITY UNIVERSITY OF NEW YORK 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL STAFF CONGRESS OF CITY UNIVERSITY OF NEW YORK 401(K)

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