Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR RANDALL'S ISLAND PARK ALLIANCE, INC.

Name: RANDALL'S ISLAND PARK ALLIANCE, INC. - SECTION 403(B) RETIREMENT PLAN FOR RANDALL'S ISLAND PARK ALLIANCE, INC. (2018) Form 5500
Creator: RANDALL'S ISLAND PARK ALLIANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR RANDALL'S ISLAND PARK ALLIANCE, INC., RANDALL'S ISLAND PARK ALLIANCE, INC.

RANDALL'S ISLAND PARK ALLIANCE, INC.EIN 13-3787630Plan #001PY 2018

24 W. 61ST STREET, 4TH FLOOR - NEW YORK, NY 10023212-830-7780randallsisland.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.7M

+4.7% from 2017

Total participants

-21.2% from 2017

Average account balance

$35,269

+46.1% from 2017

Annual return

-5.99%

-24.09 pp from 2017

Benchmarks

See 8,161 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,161 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.34M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

75.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$275K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$872

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 codes2F2G2L2T

Plan features

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.
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

2 tripped

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

$69K

$1495 / participant

Other / not subdivided$69K100.0%

% of EOY assets

4.061%

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

$35,269

$49,177-28.3%

$79,467-55.6%

$64,173-45.0%

Participation rate

58.7%

65.0%-6.3pp

73.3%-14.6pp

69.6%-10.9pp

Annual return

-5.99%

-1.16%-4.8pp

718.30%-724.3pp

7.63%-13.6pp

Employer contribution / active EE

$940

$2,076-54.7%

$2,800-66.4%

$2,381-60.5%

Participant deferral / active EE

$4,298

$2,821+52.3%

$3,704+16.0%

$3,470+23.9%

Admin fee / account holder

$1,432

$3,839-62.7%

$5,104-71.9%

$4,887-70.7%

SECTION 403(B) RETIREMENT PLAN FOR RANDALL'S ISLAND PARK ALLIANCE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR RANDALL'S ISLAND PARK ALLIANCE, 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