Retirement plan

CORRECTION OFFICERS BENEVOLENT ASSOCIATION, INC 401K PLAN

Name: CORRECTION OFFICERS BENEVOLENT - CORRECTION OFFICERS BENEVOLENT ASSOCIATION, INC 401K PLAN (2018) Form 5500
Creator: CORRECTION OFFICERS BENEVOLENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORRECTION OFFICERS BENEVOLENT ASSOCIATION, INC 401K PLAN, CORRECTION OFFICERS BENEVOLENT

CORRECTION OFFICERS BENEVOLENTEIN 13-3097380Plan #002PY 2018

75 01 31ST AVENUE, LOWER LEVEL - EAST ELMHURST, NY 11370212-274-8000cobanyc.orgLinkedIn11-50 employeeslaw enforcement

Other plans on this EIN

1 filing

#001Retirement-$153K assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$150K

-2.0% from 2017

Total participants

+6.7% from 2017

Average account balance

$49,846

-34.7% from 2017

Annual return

-9.24%

-20.60 pp from 2017

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$82K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

18.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$614

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$49,846

$90,607-45.0%

$79,467-37.3%

$135,380-63.2%

Participation rate

13.3%

76.0%-62.7pp

73.3%-60.0pp

82.6%-69.3pp

Annual return

-9.24%

977.74%-987.0pp

718.30%-727.5pp

519.81%-529.0pp

Employer contribution / active EE

$3,068-100.0%

$2,800-100.0%

$4,779-100.0%

Participant deferral / active EE

$733

$4,050-81.9%

$3,704-80.2%

$5,609-86.9%

Admin fee / account holder

$5,895-100.0%

$5,104-100.0%

$10,828-100.0%

CORRECTION OFFICERS BENEVOLENT ASSOCIATION, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CORRECTION OFFICERS BENEVOLENT ASSOCIATION, INC 401K PLAN

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