Retirement plan

403(B) THRIFT PLAN OF CENTRAL ASSOCIATION FOR THE BLIND,INC.

Name: CENTRAL ASSOCIATION FOR THE BLIND, INC. - 403(B) THRIFT PLAN OF CENTRAL ASSOCIATION FOR THE BLIND,INC. (2021) Form 5500
Creator: CENTRAL ASSOCIATION FOR THE BLIND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF CENTRAL ASSOCIATION FOR THE BLIND,INC., CENTRAL ASSOCIATION FOR THE BLIND, INC.

CENTRAL ASSOCIATION FOR THE BLIND, INC.EIN 15-0543587Plan #003PY 2021

507 KENT ST - UTICA, NY 13501315-797-2233

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

+6.2% from 2020

Total participants

318

+3.2% from 2020

Average account balance

$26,974

-20.2% from 2020

Annual return

9.29%

+3.75 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.20M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

239

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.

73.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

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 codes2L2F2G2H2T3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$15 / participant

Contract admin$4K100.0%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO& CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,974

$56,540-52.3%

$185,851-85.5%

$86,821-68.9%

Participation rate

100.0%

65.5%+34.5pp

81.7%+18.3pp

72.3%+27.7pp

Annual return

9.29%

118.20%-108.9pp

122.11%-112.8pp

97.94%-88.6pp

Employer contribution / active EE

$1,566

$1,844-15.1%

$5,168-69.7%

$2,406-34.9%

Participant deferral / active EE

$1,582

$2,555-38.1%

$5,569-71.6%

$4,132-61.7%

Admin fee / account holder

$13

$150-91.2%

$16,245-99.9%

$170-92.2%

403(B) THRIFT PLAN OF CENTRAL ASSOCIATION FOR THE BLIND,INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF CENTRAL ASSOCIATION FOR THE BLIND,INC.

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