Retirement plan

NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN

Name: NEW YORK STATE NURSES ASSOCIATION - NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN (2015) Form 5500
Creator: NEW YORK STATE NURSES ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN, NEW YORK STATE NURSES ASSOCIATION

NEW YORK STATE NURSES ASSOCIATIONEIN 14-0923749Plan #003PY 2015

131 WEST 33RD STREET, 4TH FLOOR - NEW YORK, NY 10001518-782-9400LinkedIn11-50 employeespolitical organization

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9M

No prior year

Total participants

182

No prior year

Average account balance

$68,321

No prior year

Annual return

0.34%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.08M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

161

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,275
NFP RETIREMENT INC1+ years Filed as: NFP SECURITIES INC Service code 61 1250 S CAPITAL OF TEXAS HWY STE · WEST LAKE HILLS, TX 78746	Finders' fees / placement fees	$0

Plan features & details

Pension benefit codes2G2J2T3D2F

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$15 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARVIN AND COMPANY, P.C.
Auditor EIN: 141567343
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,321

$41,854+63.2%

$73,836-7.5%

$52,331+30.6%

Participation rate

65.3%

66.2%-0.9pp

73.4%-8.1pp

68.1%-2.8pp

Annual return

0.34%

2.11%-1.8pp

2268.06%-2267.7pp

4.54%-4.2pp

Employer contribution / active EE

$27

$1,920-98.6%

$2,787-99.0%

$1,882-98.5%

Participant deferral / active EE

$5,443

$2,498+117.9%

$3,583+51.9%

$3,022+80.1%

Admin fee / account holder

$17

$493-96.5%

$4,882-99.6%

$592-97.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,275

NFP RETIREMENT INC1+ years

Filed as: NFP SECURITIES INC

Service code 61

1250 S CAPITAL OF TEXAS HWY STE · WEST LAKE HILLS, TX 78746

Finders' fees / placement fees

NEW YORK STATE NURSES ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK STATE NURSES ASSOCIATION 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