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 (2018) 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 2018

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3M

+10.5% from 2017

Total participants

+6.6% from 2017

Average account balance

$34,956

+8.0% from 2017

Annual return

12.53%

-0.88 pp from 2017

Benchmarks

See 3,617 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,617 peers

Snapshot2018

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$343K

$3987 / participant

Other / not subdivided$343K100.0%

% of EOY assets

11.273%

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

$34,956

$49,280-29.1%

$67,313-48.1%

$64,173-45.5%

Participation rate

88.4%

60.8%+27.6pp

69.1%+19.3pp

69.6%+18.8pp

Annual return

12.53%

-1.39%+13.9pp

-4.08%+16.6pp

7.63%+4.9pp

Employer contribution / active EE

$3,202

$1,668+91.9%

$2,566+24.8%

$2,381+34.5%

Participant deferral / active EE

$2,484-100.0%

$3,568-100.0%

$3,470-100.0%

Admin fee / account holder

$3,941

$3,863+2.0%

$4,507-12.6%

$4,887-19.4%

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