Retirement plan

ALBANY PORT EMPLOYERS ASSOCIATION, INC. ILA-DEFINED CONTRIBUTION PLAN

Name: ALBANY PORT EMPLOYERS ASSOC INC ILA - ALBANY PORT EMPLOYERS ASSOCIATION, INC. ILA-DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: ALBANY PORT EMPLOYERS ASSOC INC ILA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALBANY PORT EMPLOYERS ASSOCIATION, INC. ILA-DEFINED CONTRIBUTION PLAN, ALBANY PORT EMPLOYERS ASSOC INC ILA

ALBANY PORT EMPLOYERS ASSOC INC ILAEIN 14-1427652Plan #003PY 2024

106 SMITH BLVD., PORT OF ALBANY - ALBANY, NY 12202518-462-0591

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+5.0% from 2023

Total participants

0.0% from 2023

Average account balance

$20,478

+5.0% from 2023

Annual return

22.71%

+13.43 pp from 2023

Benchmarks

See 4,585 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,585 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$208K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+22.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6409

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 codes2E2F2G3D2T

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.
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

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

$493K

$8973 / participant

Other / not subdivided$493K100.0%

% of EOY assets

31.297%

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

$20,478

$55,902-63.4%

$76,030-73.1%

$80,959-74.7%

Participation rate

100.0%

62.1%+37.9pp

69.1%+30.9pp

67.7%+32.3pp

Annual return

22.71%

20.59%+2.1pp

361.54%-338.8pp

35.67%-13.0pp

Employer contribution / active EE

$3,781

$1,867+102.5%

$2,688+40.7%

$2,757+37.1%

Participant deferral / active EE

$3,051-100.0%

$4,257-100.0%

$4,300-100.0%

Admin fee / account holder

$6,409

$5,239+22.3%

$6,421-0.2%

$6,925-7.5%

ALBANY PORT EMPLOYERS ASSOCIATION, INC. ILA-DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALBANY PORT EMPLOYERS ASSOCIATION, INC. ILA-DEFINED CONTRIBUTION 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