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. (2020) 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 2020

24 W. 61ST STREET, 4TH FLOOR - NEW YORK, NY 10023212-830-7722randallsisland.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.9M

+24.5% from 2019

Total participants

-12.7% from 2019

Average account balance

$60,976

+43.1% from 2019

Annual return

17.26%

-5.62 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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 codes2F2G2L2M2T3D

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.
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.
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 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

$80K

$1941 / participant

Other / not subdivided$80K100.0%

% of EOY assets

2.777%

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

$60,976

$60,128+1.4%

$90,440-32.6%

$79,852-23.6%

Participation rate

63.4%

65.0%-1.6pp

72.7%-9.3pp

69.6%-6.2pp

Annual return

17.26%

71.95%-54.7pp

1294.38%-1277.1pp

31.72%-14.5pp

Employer contribution / active EE

$1,156

$2,068-44.1%

$3,263-64.6%

$2,471-53.2%

Participant deferral / active EE

$4,864

$2,939+65.5%

$3,964+22.7%

$3,740+30.0%

Admin fee / account holder

$1,693

$3,977-57.4%

$5,615-69.8%

$5,306-68.1%

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