Retirement plan

THE NEW YORK IMMIGRATION COALITION 403 (B) PLANS

Name: THE NEW YORK IMMIGRATION COALITION - THE NEW YORK IMMIGRATION COALITION 403 (B) PLANS (2018) Form 5500
Creator: THE NEW YORK IMMIGRATION COALITION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NEW YORK IMMIGRATION COALITION 403 (B) PLANS, THE NEW YORK IMMIGRATION COALITION

THE NEW YORK IMMIGRATION COALITIONEIN 13-3573409Plan #001PY 2018

131 W. 33RD STREET SUITE 610 - NEW YORK, NY 10001212-627-2227nyic.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$326K

+242.7% from 2017

Total participants

+74.2% from 2017

Average account balance

$7,947

+125.7% from 2017

Annual return

48.01%

+48.01 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.76M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

105

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.

143.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$497K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$375

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 codes2E2F2J2L2S

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$7,947

$75,962-89.5%

$154,108-94.8%

$64,173-87.6%

Participation rate

71.7%

70.4%+1.3pp

83.0%-11.3pp

69.6%+2.2pp

Annual return

48.01%

30.32%+17.7pp

735.21%-687.2pp

7.63%+40.4pp

Employer contribution / active EE

$1,193

$3,350-64.4%

$5,298-77.5%

$2,381-49.9%

Participant deferral / active EE

$2,830

$3,175-10.8%

$5,081-44.3%

$3,470-18.4%

Admin fee / account holder

$5,589-100.0%

$13,411-100.0%

$4,887-100.0%

THE NEW YORK IMMIGRATION COALITION 403 (B) PLANS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE NEW YORK IMMIGRATION COALITION 403 (B) PLANS

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