Retirement plan

COMMUNITY RESOURCES STATEN ISLAND, INC. 403(B) PLAN

Name: COMMUNITY RESOURCES STATEN ISLAND INC. - COMMUNITY RESOURCES STATEN ISLAND, INC. 403(B) PLAN (2024) Form 5500
Creator: COMMUNITY RESOURCES STATEN ISLAND INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY RESOURCES STATEN ISLAND, INC. 403(B) PLAN, COMMUNITY RESOURCES STATEN ISLAND INC.

COMMUNITY RESOURCES STATEN ISLAND INC.EIN 13-5660279Plan #003PY 2024

3450 VICTORY BLVD - STATEN ISLAND, NY 10314718-447-5200cr-si.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.7M

+2.2% from 2023

Total participants

396

-17.0% from 2023

Average account balance

$38,689

+14.7% from 2023

Annual return

12.90%

+4.64 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.01M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

364

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$934K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$42,030
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER BENEFIT SERVICES INC Service code 99 · EIN 36-4291971	Other Fees	$20,790

Plan features & details

Pension benefit codes2E2G2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$42K

$126 / participant

Investment mgmt$5191.2%
Contract admin$41K95.6%
Other / not subdivided$1K3.2%

% of EOY assets

0.364%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRASSI & CO.
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,689

$50,860-23.9%

$155,574-75.1%

$77,714-50.2%

Participation rate

72.1%

63.1%+9.0pp

78.2%-6.1pp

70.6%+1.5pp

Annual return

12.90%

34.86%-22.0pp

64.87%-52.0pp

31.26%-18.4pp

Employer contribution / active EE

$2,498

$1,991+25.5%

$4,676-46.6%

$2,727-8.4%

Participant deferral / active EE

$1,639

$2,825-42.0%

$5,629-70.9%

$4,649-64.7%

Admin fee / account holder

$141

$436-67.8%

$15,914-99.1%

$433-67.5%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$42,030

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER BENEFIT SERVICES INC

Service code 99 · EIN 36-4291971

Other Fees

$20,790

COMMUNITY RESOURCES STATEN ISLAND, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY RESOURCES STATEN ISLAND, INC. 403(B) 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