Retirement plan

THE ARC NEW YORK AFFILIATED EMPLOYERS 403(B) PLAN

Name: NYSARC, INC. - THE ARC NEW YORK AFFILIATED EMPLOYERS 403(B) PLAN (2021) Form 5500
Creator: NYSARC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARC NEW YORK AFFILIATED EMPLOYERS 403(B) PLAN, NYSARC, INC.

NYSARC, INC.EIN 13-5678837Plan #004PY 2021

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

Other plans on this EIN

1 filing

#003Retirement-$288.8M assets

Prospect flagsLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$270.8M

-51.9% from 2021

Total participants

8,788

-54.6% from 2021

Average account balance

$30,814

+6.2% from 2021

Annual return

108.80%

-108.80 pp from 2021

Benchmarks

See 226 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort226 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$647.63M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

13,442

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.

56.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45.40M

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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 COMPANY2+ years Filed as: VALIC RETIREMENT SERVICES CO. Service code 19 · EIN 51-0396365	Securities Custodian	$121,302

Plan features & details

Pension benefit codes2F2G2L2M2T3H

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$122K

$14 / participant

Contract admin$122K100.0%

% of EOY assets

0.045%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,814

$69,238-55.5%

$185,854-83.4%

$101,555-69.7%

Participation rate

100.0%

73.5%+26.5pp

81.7%+18.3pp

74.5%+25.5pp

Annual return

108.80%

21.26%+87.5pp

122.12%-13.3pp

21.00%+87.8pp

Employer contribution / active EE

$780

$2,104-62.9%

$5,169-84.9%

$2,972-73.8%

Participant deferral / active EE

$724

$3,764-80.8%

$5,569-87.0%

$4,874-85.2%

Admin fee / account holder

$14

$66-79.0%

$16,246-99.9%

$139-90.0%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY2+ years

Filed as: VALIC RETIREMENT SERVICES CO.

Service code 19 · EIN 51-0396365

Securities Custodian

$121,302

THE ARC NEW YORK AFFILIATED EMPLOYERS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARC NEW YORK AFFILIATED EMPLOYERS 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