Retirement plan

NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY 403(B) PENSION PLAN

Name: NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY - NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY 403(B) PENSION PLAN (2024) Form 5500
Creator: NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY 403(B) PENSION PLAN, NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY

NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANYEIN 14-1338302Plan #002PY 2024

301 WASHINGTON AVENUE - ALBANY, NY 12206518-463-1211naba-vision.orgLinkedIn51-200 employeesgovernment administration

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+15.0% from 2023

Total participants

-11.0% from 2023

Average account balance

$15,659

+15.0% from 2023

Annual return

8.61%

-5.86 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

121.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115K

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

+8.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$966

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 codes2E2F2G2M2T3D

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.
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.
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

$71K

$1176 / participant

Other / not subdivided$71K100.0%

% of EOY assets

6.170%

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

$15,659

$81,331-80.7%

$155,534-89.9%

$80,935-80.7%

Participation rate

100.0%

66.3%+33.7pp

78.2%+21.8pp

67.7%+32.3pp

Annual return

8.61%

33.37%-24.8pp

64.92%-56.3pp

35.66%-27.0pp

Employer contribution / active EE

$695

$3,105-77.6%

$4,675-85.1%

$2,757-74.8%

Participant deferral / active EE

$1,218

$3,454-64.7%

$5,630-78.4%

$4,299-71.7%

Admin fee / account holder

$966

$7,999-87.9%

$15,900-93.9%

$6,924-86.0%

NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY 403(B) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEASTERN ASSOCIATION OF THE BLIND AT ALBANY 403(B) PENSION 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