Retirement plan

CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. TAX DEFERRED

Name: CENTER FOR ALTERNATIVE SENTENCING - CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. TAX DEFERRED (2020) Form 5500
Creator: CENTER FOR ALTERNATIVE SENTENCING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. TAX DEFERRED, CENTER FOR ALTERNATIVE SENTENCING

CENTER FOR ALTERNATIVE SENTENCINGEIN 13-2668080Plan #004PY 2020

151 LAWRENCE STREET 3RD FLOOR - BROOKLYN, NY 112015240212-553-6300LinkedIn1-10 employeescivic & social organization

Other plans on this EIN

1 filing

#002Retirement-$58K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.1M

+30.6% from 2019

Total participants

527

+39.1% from 2019

Average account balance

$21,533

-7.8% from 2019

Annual return

18.29%

-2.24 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.63M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

918

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.20M

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC4 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$19,682
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,270

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$11K

$27 / participant

Investment mgmt$700.6%
Contract admin$11K99.4%

% of EOY assets

0.112%

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., CPA'S P.C.
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,533

$52,722-59.2%

$90,461-76.2%

$73,412-70.7%

Participation rate

86.4%

67.7%+18.7pp

72.7%+13.7pp

72.2%+14.2pp

Annual return

18.29%

20.70%-2.4pp

1294.76%-1276.5pp

59.30%-41.0pp

Employer contribution / active EE

$1,337

$1,872-28.6%

$3,264-59.0%

$2,234-40.2%

Participant deferral / active EE

$2,034

$2,810-27.6%

$3,964-48.7%

$3,806-46.6%

Admin fee / account holder

$24

$117-79.4%

$5,617-99.6%

$158-84.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC4 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$19,682

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,270

CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. TAX DEFERRED

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. TAX DEFERRED

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