Retirement plan

403(B) THRIFT PLAN OF DEMOS A NETWORK FOR IDEAS AND ACTION, LTD.

Name: DEMOS A NETWORK FOR IDEAS AND ACTION, LTD. - 403(B) THRIFT PLAN OF DEMOS A NETWORK FOR IDEAS AND ACTION, LTD. (2020) Form 5500
Creator: DEMOS A NETWORK FOR IDEAS AND ACTION, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF DEMOS A NETWORK FOR IDEAS AND ACTION, LTD., DEMOS A NETWORK FOR IDEAS AND ACTION, LTD.

DEMOS A NETWORK FOR IDEAS AND ACTION, LTD.EIN 13-4105066Plan #002PY 2020

80 BROAD ST FL 4 - NEW YORK, NY 100042258212-633-1405demos.orgLinkedIn51-200 employeespublic policy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.1M

+31.0% from 2019

Total participants

+11.8% from 2019

Average account balance

$53,280

+15.8% from 2019

Annual return

20.39%

-2.89 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.07M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

103

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.

321.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$488K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+18.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5606

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$203K

$4314 / participant

Other / not subdivided$203K100.0%

% of EOY assets

4.006%

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

$53,280

$98,776-46.1%

$149,745-64.4%

$79,856-33.3%

Participation rate

100.0%

75.8%+24.2pp

82.5%+17.5pp

69.6%+30.4pp

Annual return

20.39%

27.38%-7.0pp

276.72%-256.3pp

31.71%-11.3pp

Employer contribution / active EE

$5,704

$3,217+77.3%

$4,646+22.8%

$2,471+130.8%

Participant deferral / active EE

$7,304

$5,681+28.6%

$6,843+6.7%

$3,741+95.3%

Admin fee / account holder

$2,134

$6,053-64.7%

$9,312-77.1%

$5,306-59.8%

403(B) THRIFT PLAN OF DEMOS A NETWORK FOR IDEAS AND ACTION, LTD.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF DEMOS A NETWORK FOR IDEAS AND ACTION, LTD.

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