Retirement plan

CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. 403(B) PLAN

Name: CENTER FOR ALTERNATIVE - CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. 403(B) PLAN (2021) Form 5500
Creator: CENTER FOR ALTERNATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. 403(B) PLAN, CENTER FOR ALTERNATIVE

CENTER FOR ALTERNATIVEEIN 13-2668080Plan #004PY 2021

151 LAWRENCE STREET, 3RD FLOOR - BROOKLYN, NY 11201212-553-6373LinkedIn1-10 employeescivic & social organization

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.1M

+19.1% from 2020

Total participants

737

+39.8% from 2020

Average account balance

$18,425

-14.4% from 2020

Annual return

8.86%

-9.44 pp from 2020

Benchmarks

See 866 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort866 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$0
MUTUAL OF AMERICA INVESTMENT CORP1 year Filed as: MUTUAL OF AMERICA Service code 15 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping	$0
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290 4910 S ISABEL PL · SIOUX FALLS, SD 57108	Contract Administrator	$0

Plan features & details

Pension benefit codes2G2F3D2J2K2L2S

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.
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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$33 / participant

Investment mgmt$250.1%
Contract admin$18K99.9%

% of EOY assets

0.152%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,425

$58,344-68.4%

$98,483-81.3%

$86,821-78.8%

Participation rate

85.0%

68.4%+16.6pp

73.3%+11.7pp

72.3%+12.8pp

Annual return

8.86%

43.47%-34.6pp

1494.38%-1485.5pp

97.94%-89.1pp

Employer contribution / active EE

$1,606

$2,008-20.0%

$2,961-45.7%

$2,406-33.2%

Participant deferral / active EE

$2,044

$3,156-35.2%

$4,276-52.2%

$4,132-50.5%

Admin fee / account holder

$28

$138-79.7%

$5,953-99.5%

$170-83.5%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

MUTUAL OF AMERICA INVESTMENT CORP1 year

Filed as: MUTUAL OF AMERICA

Service code 15

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

4910 S ISABEL PL · SIOUX FALLS, SD 57108

Contract Administrator

CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER FOR ALTERNATIVE SENTENCING AND EMPLOYMENT SERVICES, INC. 403(B) 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