Retirement plan

ALBANY COMMUNITY ACTION PARTNERSHIP 403(B) PLAN

Name: ALBANY COMMUNITY ACTION PARTNERSHIP - ALBANY COMMUNITY ACTION PARTNERSHIP 403(B) PLAN (2015) Form 5500
Creator: ALBANY COMMUNITY ACTION PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALBANY COMMUNITY ACTION PARTNERSHIP 403(B) PLAN, ALBANY COMMUNITY ACTION PARTNERSHIP

ALBANY COMMUNITY ACTION PARTNERSHIPEIN 14-6037204Plan #001PY 2015

333 SHERIDAN AVE - ALBANY, NY 12206518-463-3175

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.6M

No prior year

Total participants

262

No prior year

Average account balance

$6,531

No prior year

Annual return

-1.39%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.97M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

148

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$311K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
SECURITY FINANCIAL RESOURCES1+ years Service code 15 5801 SW 6TH AVENUE · TOPEKA, KS 66636	Recordkeeping	$738

Plan features & details

Pension benefit codes2E2F2G2J2M2T

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$738

$5 / participant

Investment mgmt$738100.0%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,531

$46,360-85.9%

$147,618-95.6%

$52,331-87.5%

Participation rate

87.5%

64.9%+22.6pp

84.6%+2.9pp

68.1%+19.4pp

Annual return

-1.39%

1.62%-3.0pp

61.98%-63.4pp

4.54%-5.9pp

Employer contribution / active EE

$677

$2,126-68.1%

$5,565-87.8%

$1,882-64.0%

Participant deferral / active EE

$376

$2,258-83.3%

$4,895-92.3%

$3,022-87.5%

Admin fee / account holder

$766-99.6%

$11,612-100.0%

$592-99.5%

Provider

Service type

Compensation

SECURITY FINANCIAL RESOURCES1+ years

Service code 15

5801 SW 6TH AVENUE · TOPEKA, KS 66636

Recordkeeping

$738

ALBANY COMMUNITY ACTION PARTNERSHIP 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALBANY COMMUNITY ACTION PARTNERSHIP 403(B) 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