Retirement plan

UNIVERSITY OF THE STATE OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN

Name: UNIVERSITY OF THE STATE OF NEW YORK - UNIVERSITY OF THE STATE OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN (2017) Form 5500
Creator: UNIVERSITY OF THE STATE OF NEW YORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF THE STATE OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN, UNIVERSITY OF THE STATE OF NEW YORK

UNIVERSITY OF THE STATE OF NEW YORKdba C/O MARY DRZONSCEIN 14-1599643Plan #001PY 2017

89 WASHINGTON AVE., 132 EB - ALBANY, NY 12234518-486-2423LinkedIn11-50 employeese-learning

Other plans on this EIN

1 filing

#002Retirement-$170K assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$210K

+30.6% from 2016

Total participants

0.0% from 2016

Average account balance

$30,057

+30.6% from 2016

Annual return

9.45%

+2.67 pp from 2016

Benchmarks

See 5,614 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,614 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$103K

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+5.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10210

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 codes2C2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

$20K

$2787 / participant

Other / not subdivided$20K100.0%

% of EOY assets

9.274%

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

$30,057

$73,546-59.1%

$63,018-52.3%

$147,586-79.6%

Participation rate

100.0%

77.9%+22.1pp

74.8%+25.2pp

82.8%+17.2pp

Annual return

9.45%

175.56%-166.1pp

87.62%-78.2pp

578.59%-569.1pp

Employer contribution / active EE

$7,651

$3,324+130.2%

$2,761+177.1%

$4,876+56.9%

Participant deferral / active EE

$4,185-100.0%

$3,330-100.0%

$5,439-100.0%

Admin fee / account holder

$2,787

$5,956-53.2%

$3,601-22.6%

$10,886-74.4%

UNIVERSITY OF THE STATE OF NEW YORK DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF THE STATE OF NEW YORK DEFINED CONTRIBUTION RETIREMENT 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