Retirement plan

TAX DEFERRED ANNUITY PLAN OF MEALS ON WHEELS OF STATEN ISLAND, INC.

Name: MEALS ON WHEELS OF STATEN ISLAND, I NC. - TAX DEFERRED ANNUITY PLAN OF MEALS ON WHEELS OF STATEN ISLAND, INC. (2016) Form 5500
Creator: MEALS ON WHEELS OF STATEN ISLAND, I NC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN OF MEALS ON WHEELS OF STATEN ISLAND, INC., MEALS ON WHEELS OF STATEN ISLAND, I NC.

MEALS ON WHEELS OF STATEN ISLAND, I NC.EIN 13-2894978Plan #001PY 2016

304 PORT RICHMOND AVE - STATEN ISLAND, NY 10302718-727-4435mealsonwheelsofstatenisland.comLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.2M

-8.3% from 2015

Total participants

+5.3% from 2015

Average account balance

$60,421

-12.9% from 2015

Annual return

4.29%

+3.46 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$869K

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

153.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

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

+10.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2390

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 codes2L

Plan features

2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$271K

$20824 / participant

Other / not subdivided$271K100.0%

% of EOY assets

22.403%

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

$60,421

$181,896-66.8%

$156,551-61.4%

$273,972-77.9%

Participation rate

100.0%

88.4%+11.6pp

84.0%+16.0pp

83.0%+17.0pp

Annual return

4.29%

30.74%-26.5pp

32.23%-27.9pp

41.46%-37.2pp

Employer contribution / active EE

$6,248-100.0%

$5,501-100.0%

$4,869-100.0%

Participant deferral / active EE

$8,053

$5,550+45.1%

$4,871+65.3%

$5,287+52.3%

Admin fee / account holder

$13,536

$15,560-13.0%

$13,028+3.9%

$10,133+33.6%

TAX DEFERRED ANNUITY PLAN OF MEALS ON WHEELS OF STATEN ISLAND, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN OF MEALS ON WHEELS OF STATEN ISLAND, 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