Retirement plan

ARMENIAN GENERAL BENEVOLENT UNION 401K RETIREMENT PLAN

Name: ARMENIAN GENERAL BENEVOLENT UNION - ARMENIAN GENERAL BENEVOLENT UNION 401K RETIREMENT PLAN (2017) Form 5500
Creator: ARMENIAN GENERAL BENEVOLENT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARMENIAN GENERAL BENEVOLENT UNION 401K RETIREMENT PLAN, ARMENIAN GENERAL BENEVOLENT UNION

ARMENIAN GENERAL BENEVOLENT UNIONEIN 13-5600421Plan #002PY 2017

55 EAST 59TH STREET, 7TH FLOOR - NEW YORK, NY 100221112212-319-6383

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+9.3% from 2016

Total participants

+4.8% from 2016

Average account balance

$41,836

+7.4% from 2016

Annual return

10.10%

+4.07 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.02M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

163.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$278K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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)

$960

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 codes2E2F2G2J3D2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$284K

$6301 / participant

Other / not subdivided$284K100.0%

% of EOY assets

11.686%

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

$41,836

$84,236-50.3%

$170,435-75.5%

$70,126-40.3%

Participation rate

82.2%

70.8%+11.4pp

83.6%-1.4pp

69.5%+12.7pp

Annual return

10.10%

23.06%-13.0pp

205.94%-195.8pp

73.15%-63.0pp

Employer contribution / active EE

$1,801

$3,387-46.8%

$5,432-66.8%

$2,343-23.1%

Participant deferral / active EE

$4,016

$3,086+30.2%

$4,939-18.7%

$3,332+20.5%

Admin fee / account holder

$4,889

$5,698-14.2%

$13,881-64.8%

$4,645+5.2%

ARMENIAN GENERAL BENEVOLENT UNION 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARMENIAN GENERAL BENEVOLENT UNION 401K RETIREMENT 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