Retirement plan

THE INSTITUTE OF CULINARY EDUCATION 401(K) PLAN

Name: THE INSTITUTE OF CULINARY EDUCATION , INC. - THE INSTITUTE OF CULINARY EDUCATION 401(K) PLAN (2016) Form 5500
Creator: THE INSTITUTE OF CULINARY EDUCATION , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE INSTITUTE OF CULINARY EDUCATION 401(K) PLAN, THE INSTITUTE OF CULINARY EDUCATION , INC.

THE INSTITUTE OF CULINARY EDUCATION , INC.EIN 13-3847478Plan #001PY 2016

BROOKFIELD PLACE, 225 LIBERTY STREET - NEW YORK, NY 10281212-847-0774ice.eduLinkedIn51-200 employeesfood & beverages

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.1M

+14.5% from 2015

Total participants

183

-13.3% from 2015

Average account balance

$48,771

+48.5% from 2015

Annual return

6.85%

+8.61 pp from 2015

Benchmarks

See 1,388 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.86M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

219

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.

66.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$570K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$12,973
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 26 · EIN 04-2675571	Advisory (Participants)	$11,137
ALLIANCE PENSION CONSULTANTS, LLC2+ years Filed as: THE PARAGON ALLIANCE GROUP, LLC Service code 13	Contract Administrator	$2,227

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$13K

$78 / participant

Contract admin$13K100.0%

% of EOY assets

0.416%

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: MCCLINTOCK & ASSOCIATES, P.C.
Auditor EIN: 251701013
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,771

$52,467-7.0%

$57,196-14.7%

$55,167-11.6%

Participation rate

28.7%

75.8%-47.1pp

75.3%-46.6pp

69.0%-40.2pp

Annual return

6.85%

7.72%-0.9pp

14.59%-7.7pp

169.23%-162.4pp

Employer contribution / active EE

$2,477-100.0%

$2,683-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,727

$2,830-39.0%

$3,096-44.2%

$3,054-43.4%

Admin fee / account holder

$203

$269-24.7%

$3,141-93.5%

$504-59.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$12,973

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 26 · EIN 04-2675571

Advisory (Participants)

$11,137

ALLIANCE PENSION CONSULTANTS, LLC2+ years

Filed as: THE PARAGON ALLIANCE GROUP, LLC

Service code 13

Contract Administrator

$2,227

THE INSTITUTE OF CULINARY EDUCATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE INSTITUTE OF CULINARY EDUCATION 401(K) PLAN

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