Retirement plan

NYSNA PENSION PLAN & BENEFITS FUND OFFICE STAFF 401(K) PLAN

Name: NYSNA PENSION PLAN OFFICE STAFF 401(K)PLAN - NYSNA PENSION PLAN & BENEFITS FUND OFFICE STAFF 401(K) PLAN (2016) Form 5500
Creator: NYSNA PENSION PLAN OFFICE STAFF 401(K)PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NYSNA PENSION PLAN & BENEFITS FUND OFFICE STAFF 401(K) PLAN, NYSNA PENSION PLAN OFFICE STAFF 401(K)PLAN

NYSNA PENSION PLAN OFFICE STAFF 401(K)PLANEIN 14-1593416Plan #002PY 2016

3 PINE WEST PLAZA, BLDG. 3 - ALBANY, NY 12205518-869-9501

Prospect flagsHigh feesLow employer contribution

Top hat statement on fileNQDC

Filed September 10, 2021

Plan administrator

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3 Pine West Plaza, Bldg. 3

Albany, NY 12205

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Plans declared (1)

New York State Nurses Association Pension Plan/Benefits Fund Section 457(b) Deferred Compensation Plan3 emp

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Total assets (EOY)

$4M

No prior year

Total participants

No prior year

Average account balance

$100,723

No prior year

Annual return

7.06%

No prior year

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.43M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$335K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11313

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

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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 codes2F2G2J2T3D

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

2 tripped

OpportunityLow employer contribution
Employer 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

$426K

$9056 / participant

Other / not subdivided$426K100.0%

% of EOY assets

10.565%

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

$100,723

$87,834+14.7%

$133,975-24.8%

$62,881+60.2%

Participation rate

78.7%

83.4%-4.7pp

87.1%-8.3pp

69.3%+9.4pp

Annual return

7.06%

12.05%-5.0pp

29.29%-22.2pp

20.14%-13.1pp

Employer contribution / active EE

$3,482-100.0%

$5,211-100.0%

$2,281-100.0%

Participant deferral / active EE

$6,128

$4,812+27.4%

$6,282-2.5%

$3,203+91.3%

Admin fee / account holder

$10,641

$5,372+98.1%

$9,324+14.1%

$4,296+147.7%

NYSNA PENSION PLAN & BENEFITS FUND OFFICE STAFF 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NYSNA PENSION PLAN & BENEFITS FUND OFFICE STAFF 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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