Retirement plan

TIAA-CREF TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN NEW YORK LIBRARY NETWORK

Name: NORTHERN NEW YORK LIBRARY NETWORK - TIAA-CREF TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN NEW YORK LIBRARY NETWORK (2019) Form 5500
Creator: NORTHERN NEW YORK LIBRARY NETWORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIAA-CREF TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN NEW YORK LIBRARY NETWORK, NORTHERN NEW YORK LIBRARY NETWORK

NORTHERN NEW YORK LIBRARY NETWORKEIN 14-6036399Plan #002PY 2019

6721 US HIGHWAY 11 - POTSDAM, NY 136763132315-265-1119

Other plans on this EIN

1 filing

#001Retirement-$2.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-1.0% from 2018

Total participants

-8.3% from 2018

Average account balance

$127,223

+8.0% from 2018

Annual return

10.77%

+11.84 pp from 2018

Benchmarks

See 6,053 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,053 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

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

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6227

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 codes2L

Plan features

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

Opportunity flags

1 tripped

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

$192K

$38490 / participant

Other / not subdivided$192K100.0%

% of EOY assets

13.752%

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

$127,223

$77,419+64.3%

$69,461+83.2%

$152,885-16.8%

Participation rate

100.0%

78.1%+21.9pp

74.6%+25.4pp

82.5%+17.5pp

Annual return

10.77%

39.07%-28.3pp

28.97%-18.2pp

345.39%-334.6pp

Employer contribution / active EE

$3,315-100.0%

$2,779-100.0%

$4,763-100.0%

Participant deferral / active EE

$5,185

$4,414+17.5%

$3,536+46.7%

$5,851-11.4%

Admin fee / account holder

$17,496

$6,207+181.9%

$3,840+355.7%

$11,598+50.8%

TIAA-CREF TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN NEW YORK LIBRARY NETWORK

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIAA-CREF TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF NORTHERN NEW YORK LIBRARY NETWORK

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