Retirement plan

VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC. 401(K) PLAN

Name: VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC. - VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC. 401(K) PLAN (2020) Form 5500
Creator: VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC. 401(K) PLAN, VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC.

VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC.EIN 13-6165593Plan #002PY 2020

220 WHITE PLAINS ROAD - TARRYTOWN, NY 10591914-227-9304

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$342K

-49.6% from 2019

Total participants

+6.7% from 2019

Average account balance

$28,467

-58.0% from 2019

Annual return

2.32%

+1.71 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.01M

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.

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.

175.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+29.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1263

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 codes2E2G2J3D

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.
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

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

$431K

$30765 / participant

Other / not subdivided$431K100.0%

% of EOY assets

126.082%

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

$28,467

$100,938-71.8%

$90,461-68.5%

$158,982-82.1%

Participation rate

71.4%

75.0%-3.6pp

72.7%-1.3pp

82.0%-10.5pp

Annual return

2.32%

1727.20%-1724.9pp

1294.76%-1292.4pp

302.99%-300.7pp

Employer contribution / active EE

$969

$3,691-73.8%

$3,264-70.3%

$4,763-79.7%

Participant deferral / active EE

$4,369

$4,350+0.5%

$3,964+10.2%

$5,983-27.0%

Admin fee / account holder

$35,892

$6,510+451.4%

$5,617+539.0%

$11,252+219.0%

VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VOLUNTEER SERVICE BUREAU OF WESTCHESTER INC. 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