Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF TIMES SQUARE DISTRICT MANAGEMENT

Name: TIMES SQUARE DISTRICT MANAGEMENT ASSOCIATION - SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF TIMES SQUARE DISTRICT MANAGEMENT (2016) Form 5500
Creator: TIMES SQUARE DISTRICT MANAGEMENT ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF TIMES SQUARE DISTRICT MANAGEMENT, TIMES SQUARE DISTRICT MANAGEMENT ASSOCIATION

TIMES SQUARE DISTRICT MANAGEMENT ASSOCIATIONEIN 13-3627527Plan #001PY 2016

1560 BROADWAY STE 800 - NEW YORK, NY 100361537212-768-1560

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+10.5% from 2015

Total participants

148

+5.7% from 2015

Average account balance

$32,975

-4.6% from 2015

Annual return

5.68%

+5.75 pp from 2015

Benchmarks

See 906 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort906 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.17M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

178

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

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 Service code 13 · EIN 42-0127290	Contract Administrator	$16,156
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236	Other Services	$6,831

Plan features & details

Pension benefit codes2A2F2G2L2M2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

1 tripped

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

$16K

$127 / participant

Contract admin$16K100.0%

% of EOY assets

0.336%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BUCHBINDER TUNICK & COMPANY LLP
Auditor EIN: 131578842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,975

$32,425+1.7%

$74,577-55.8%

$55,167-40.2%

Participation rate

98.4%

54.0%+44.4pp

68.1%+30.3pp

69.0%+29.4pp

Annual return

5.68%

10.63%-5.0pp

20.47%-14.8pp

169.23%-163.6pp

Employer contribution / active EE

$1,382

$1,043+32.4%

$2,525-45.3%

$1,963-29.6%

Participant deferral / active EE

$2,895

$1,995+45.1%

$3,458-16.3%

$3,054-5.2%

Admin fee / account holder

$111

$748-85.2%

$4,138-97.3%

$504-78.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$16,156

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 49 · EIN 95-2834236

Other Services

$6,831

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF TIMES SQUARE DISTRICT MANAGEMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF TIMES SQUARE DISTRICT MANAGEMENT

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