Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF CONGREGATIONS LINKED IN URBAN STRATEGY TO EFFECT RENEWAL, INC.

Name: CONGREGATIONS LINKED IN URBAN - 403(B) THRIFT PLAN FOR EMPLOYEES OF CONGREGATIONS LINKED IN URBAN STRATEGY TO EFFECT RENEWAL, INC. (2023) Form 5500
Creator: CONGREGATIONS LINKED IN URBAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF CONGREGATIONS LINKED IN URBAN STRATEGY TO EFFECT RENEWAL, INC., CONGREGATIONS LINKED IN URBAN

CONGREGATIONS LINKED IN URBANEIN 13-2834016Plan #004PY 2023

28 WELLS AVE STE 4 - YONKERS, NY 107017045914-963-6440

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+11.3% from 2022

Total participants

+8.9% from 2022

Average account balance

$20,987

+1.4% from 2022

Annual return

12.30%

+24.51 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$992K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$158

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

-47.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$131K

$1840 / participant

Other / not subdivided$131K100.0%

% of EOY assets

6.916%

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

$20,987

$57,330-63.4%

$86,656-75.8%

$75,177-72.1%

Participation rate

88.7%

63.2%+25.5pp

71.7%+17.0pp

67.2%+21.5pp

Annual return

12.30%

2675.40%-2663.1pp

593.09%-580.8pp

160.75%-148.4pp

Employer contribution / active EE

$619

$2,316-73.3%

$3,025-79.5%

$2,671-76.8%

Participant deferral / active EE

$970

$3,320-70.8%

$4,439-78.2%

$4,126-76.5%

Admin fee / account holder

$1,452

$4,115-64.7%

$5,619-74.2%

$5,651-74.3%

403(B) THRIFT PLAN FOR EMPLOYEES OF CONGREGATIONS LINKED IN URBAN STRATEGY TO EFFECT RENEWAL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF CONGREGATIONS LINKED IN URBAN STRATEGY TO EFFECT RENEWAL, INC.

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