Retirement plan

403(B) THRIFT PLAN OF BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING

Name: BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING - 403(B) THRIFT PLAN OF BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING (2023) Form 5500
Creator: BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING, BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING

BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDINGEIN 13-6161195Plan #004PY 2023

1501 BROADWAY STE 2300 - NEW YORK, NY 100365600212-490-0460bciu.orgLinkedIn11-50 employeesinternational trade and development

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4M

-36.6% from 2021

Total participants

-12.5% from 2021

Average account balance

$143,895

-47.9% from 2021

Annual return

14.02%

+3.06 pp from 2021

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.63M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

121.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$340K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4215

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 codes2F2G2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$3511 / participant

Other / not subdivided$74K100.0%

% of EOY assets

1.830%

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

$143,895

$96,691+48.8%

$86,656+66.1%

$139,487+3.2%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

14.02%

106.87%-92.8pp

593.09%-579.1pp

373.84%-359.8pp

Employer contribution / active EE

$9,114

$3,267+179.0%

$3,025+201.2%

$4,755+91.7%

Participant deferral / active EE

$4,631

$4,838-4.3%

$4,439+4.3%

$6,713-31.0%

Admin fee / account holder

$2,634

$6,414-58.9%

$5,619-53.1%

$11,407-76.9%

403(B) THRIFT PLAN OF BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING

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