Retirement plan

DOWNTOWN COMMUNITY 401K PROFIT SHARING PLAN AND TRUST

Name: DOWNTOWN COMMUNITY TELEVISION CE - DOWNTOWN COMMUNITY 401K PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: DOWNTOWN COMMUNITY TELEVISION CE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOWNTOWN COMMUNITY 401K PROFIT SHARING PLAN AND TRUST, DOWNTOWN COMMUNITY TELEVISION CE

DOWNTOWN COMMUNITY TELEVISION CEEIN 13-2742777Plan #001PY 2020

87 LAFAYETTE ST - NEW YORK, NY 10013646-484-4623LinkedIn1-10 employeespublishing

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$787K

+60.1% from 2019

Total participants

+19.0% from 2019

Average account balance

$24,594

+15.1% from 2019

Annual return

22.36%

-4.05 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.82M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

120.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5785

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 codes2E2F2G2J2T3D

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$24,594

$60,128-59.1%

$90,440-72.8%

$79,852-69.2%

Participation rate

33.8%

65.0%-31.1pp

72.7%-38.8pp

69.6%-35.8pp

Annual return

22.36%

71.95%-49.6pp

1294.38%-1272.0pp

31.72%-9.4pp

Employer contribution / active EE

$2,068-100.0%

$3,263-100.0%

$2,471-100.0%

Participant deferral / active EE

$2,856

$2,939-2.8%

$3,964-27.9%

$3,740-23.6%

Admin fee / account holder

$3,977-100.0%

$5,615-100.0%

$5,306-100.0%

DOWNTOWN COMMUNITY 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DOWNTOWN COMMUNITY 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion