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. (2024) 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 2024

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.2M

+15.2% from 2023

Total participants

314

+1.6% from 2023

Average account balance

$38,494

+11.9% from 2023

Annual return

9.50%

-2.78 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$29,505
PENTEGRA SERVICES, INC.5 years Filed as: PENTEGRA SERVICES INC Service code 13 6830 COMMERCE CT DR · BLACKLICK, OH 43004	Contract Administrator	$10,036
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55	Other Commissions	$5,763
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,656
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD RAOD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$141
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INSURACE Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$0
MORGAN STANLEY SMITH BARNEY5 years Service code 55 1 NEW YORK PLAZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$0

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$12 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,494

$50,815-24.2%

$155,509-75.2%

$77,643-50.4%

Participation rate

73.4%

63.1%+10.3pp

78.2%-4.8pp

70.6%+2.8pp

Annual return

9.50%

34.80%-25.3pp

64.67%-55.2pp

31.24%-21.7pp

Employer contribution / active EE

$1,916

$1,993-3.9%

$4,672-59.0%

$2,726-29.7%

Participant deferral / active EE

$1,799

$2,822-36.3%

$5,626-68.0%

$4,647-61.3%

Admin fee / account holder

$14

$437-96.7%

$15,912-99.9%

$430-96.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$29,505

PENTEGRA SERVICES, INC.5 years

Filed as: PENTEGRA SERVICES INC

Service code 13

6830 COMMERCE CT DR · BLACKLICK, OH 43004

Contract Administrator

$10,036

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

Other Commissions

$5,763

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,656

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD RAOD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$141

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INSURACE

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Other Commissions

MORGAN STANLEY SMITH BARNEY5 years

Service code 55

1 NEW YORK PLAZ 12TH FL · NEW YORK, NY 10004

Other Commissions

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