Retirement plan

FAMILIES TOGETHER IN NEW YORK STATE, INC. 403(B) TDA PLAN

Name: FAMILIES TOGETHER IN NEW YORK STATE, INC. - FAMILIES TOGETHER IN NEW YORK STATE, INC. 403(B) TDA PLAN (2018) Form 5500
Creator: FAMILIES TOGETHER IN NEW YORK STATE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILIES TOGETHER IN NEW YORK STATE, INC. 403(B) TDA PLAN, FAMILIES TOGETHER IN NEW YORK STATE, INC.

FAMILIES TOGETHER IN NEW YORK STATE, INC.EIN 14-1786202Plan #001PY 2018

737 MADISON AVENUE - ALBANY, NY 122083301518-432-0333ftnys.orgLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$884K

+3.5% from 2017

Total participants

-5.9% from 2017

Average account balance

$19,212

+3.5% from 2017

Annual return

-3.31%

-17.56 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.85M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

160.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

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

+6.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3851

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 codes2G2L

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$35K

$1294 / participant

Other / not subdivided$35K100.0%

% of EOY assets

3.954%

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

$19,212

$75,962-74.7%

$154,108-87.5%

$64,173-70.1%

Participation rate

92.6%

70.4%+22.2pp

83.0%+9.6pp

69.6%+23.0pp

Annual return

-3.31%

30.32%-33.6pp

735.21%-738.5pp

7.63%-10.9pp

Employer contribution / active EE

$1,500

$3,350-55.2%

$5,298-71.7%

$2,381-37.0%

Participant deferral / active EE

$1,913

$3,175-39.8%

$5,081-62.4%

$3,470-44.9%

Admin fee / account holder

$760

$5,589-86.4%

$13,411-94.3%

$4,887-84.5%

FAMILIES TOGETHER IN NEW YORK STATE, INC. 403(B) TDA PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILIES TOGETHER IN NEW YORK STATE, INC. 403(B) TDA 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