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 (2022) 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 2022

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2M

-29.6% from 2021

Total participants

+3.9% from 2021

Average account balance

$27,156

-31.5% from 2021

Annual return

-10.06%

-20.40 pp from 2021

Benchmarks

See 4,203 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,203 peers

Snapshot2022

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

$891K

$16198 / participant

Other / not subdivided$891K100.0%

% of EOY assets

43.741%

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

$27,156

$48,235-43.7%

$68,803-60.5%

$68,490-60.4%

Participation rate

92.7%

60.7%+32.0pp

69.0%+23.7pp

67.9%+24.8pp

Annual return

-10.06%

-12.70%+2.6pp

-6.37%-3.7pp

-7.85%-2.2pp

Employer contribution / active EE

$5,421

$1,829+196.4%

$2,656+104.1%

$2,597+108.7%

Participant deferral / active EE

$2,867-100.0%

$3,942-100.0%

$4,028-100.0%

Admin fee / account holder

$11,878

$4,361+172.4%

$4,936+140.7%

$5,403+119.9%

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