Retirement plan

THE ARC NEW YORK AFFILIATED EMPLOYERS 401(K) PLAN

Name: NYSARC, INC. - THE ARC NEW YORK AFFILIATED EMPLOYERS 401(K) PLAN (2023) Form 5500
Creator: NYSARC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARC NEW YORK AFFILIATED EMPLOYERS 401(K) PLAN, NYSARC, INC.

NYSARC, INC.EIN 13-5678837Plan #003PY 2023

29 BRITISH AMERICAN BLVD - LATHAM, NY 12110518-439-8311LinkedIn1-10 employeescivic & social organization

Other plans on this EIN

1 filing

#004Retirement-$604.3M assets

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$416.8M

-77.0% from 2021

Total participants

17,405

-83.9% from 2021

Average account balance

$27,204

+43.0% from 2021

Annual return

15.31%

-332.98 pp from 2021

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$452.32M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

11,498

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.

67.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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)

$56

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 1 by compensation

Provider	Service type	Compensation
VALIC RETIREMENT SERVICES COMPANY3 years Filed as: VALIC RETIREMENT SERVICE COMPANY Service code 19 · EIN 51-0396365	Securities Custodian	$573,525

Plan features & details

Pension benefit codes2A2E2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$575K

$44 / participant

Contract admin$575K100.0%

% of EOY assets

0.138%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,204

$68,330-60.2%

$149,740-81.8%

$96,393-71.8%

Participation rate

84.2%

74.6%+9.6pp

78.8%+5.4pp

71.3%+12.9pp

Annual return

15.31%

29.64%-14.3pp

134.51%-119.2pp

22.88%-7.6pp

Employer contribution / active EE

$1,099

$2,139-48.6%

$4,821-77.2%

$3,239-66.1%

Participant deferral / active EE

$1,030

$4,422-76.7%

$5,683-81.9%

$5,455-81.1%

Admin fee / account holder

$38

$52-27.8%

$13,222-99.7%

$74-49.2%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY3 years

Filed as: VALIC RETIREMENT SERVICE COMPANY

Service code 19 · EIN 51-0396365

Securities Custodian

$573,525

THE ARC NEW YORK AFFILIATED EMPLOYERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARC NEW YORK AFFILIATED EMPLOYERS 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