Retirement plan

SERGEANTS BENEVOLENT ASSOCIATION OFFICE EMPLOYEES 401(K) PLAN

Name: SERGEANTS BENEVOLENT ASSOCIATION - SERGEANTS BENEVOLENT ASSOCIATION OFFICE EMPLOYEES 401(K) PLAN (2019) Form 5500
Creator: SERGEANTS BENEVOLENT ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERGEANTS BENEVOLENT ASSOCIATION OFFICE EMPLOYEES 401(K) PLAN, SERGEANTS BENEVOLENT ASSOCIATION

SERGEANTS BENEVOLENT ASSOCIATIONEIN 13-6121923Plan #001PY 2019

35 WORTH STREET - NEW YORK, NY 10013212-226-2180sbanyc.orgLinkedIn11-50 employeeslaw enforcement

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3M

+8.3% from 2018

Total participants

-4.5% from 2018

Average account balance

$148,728

+13.7% from 2018

Annual return

6.12%

-2.40 pp from 2018

Benchmarks

See 13,240 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort13,240 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.89M

Not enough data

1 years with asset history on file

Average account balance

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

$268K

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.

169.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7435

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 codes2E2F2G2J2T

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.

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

$171K

$10684 / participant

Other / not subdivided$171K100.0%

% of EOY assets

5.747%

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

$148,728

$104,924+41.7%

$84,623+75.8%

$152,885-2.7%

Participation rate

93.8%

74.8%+18.9pp

68.2%+25.5pp

82.5%+11.3pp

Annual return

6.12%

373.82%-367.7pp

258.77%-252.6pp

345.39%-339.3pp

Employer contribution / active EE

$4,206

$3,302+27.4%

$2,652+58.6%

$4,763-11.7%

Participant deferral / active EE

$10,158

$4,689+116.6%

$3,899+160.5%

$5,851+73.6%

Admin fee / account holder

$8,547

$6,242+36.9%

$4,913+74.0%

$11,598-26.3%

SERGEANTS BENEVOLENT ASSOCIATION OFFICE EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERGEANTS BENEVOLENT ASSOCIATION OFFICE EMPLOYEES 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