Retirement plan

LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. PROFIT SHARING PLAN AND TRUST

Name: LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. - LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. PROFIT SHARING PLAN AND TRUST, LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC.

LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC.EIN 13-3217805Plan #006PY 2023

208 WEST 13TH STREET - NEW YORK, NY 10011212-620-7310

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

+21.1% from 2022

Total participants

152

+4.1% from 2022

Average account balance

$28,769

+4.7% from 2022

Annual return

10.46%

+22.38 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.28M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

154

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$670K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$262

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290	Contract Administrator	$27,022
AURORA PRIVATE WEALTH INC1 year Service code 27 · EIN 47-4814591	Advisory (Plan)	$14,600

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$28K

$259 / participant

Contract admin$28K100.0%

% of EOY assets

0.656%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN CPAS
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,769

$61,338-53.1%

$149,717-80.8%

$71,495-59.8%

Participation rate

96.3%

62.5%+33.8pp

78.8%+17.5pp

67.9%+28.4pp

Annual return

10.46%

35.86%-25.4pp

134.41%-124.0pp

28.85%-18.4pp

Employer contribution / active EE

$3,906

$2,381+64.0%

$4,820-18.9%

$2,589+50.9%

Participant deferral / active EE

$3,788

$2,919+29.7%

$5,682-33.3%

$4,291-11.7%

Admin fee / account holder

$189

$1,263-85.1%

$13,213-98.6%

$1,588-88.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 42-0127290

Contract Administrator

$27,022

AURORA PRIVATE WEALTH INC1 year

Service code 27 · EIN 47-4814591

Advisory (Plan)

$14,600

LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. PROFIT SHARING PLAN AND TRUST

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