Retirement plan

403(B)THRIFT PLAN OF FRANZISKA RACKER CENTERS, INC.

Name: FRANZISKA RACKER CENTERS, INC. - 403(B)THRIFT PLAN OF FRANZISKA RACKER CENTERS, INC. (2023) Form 5500
Creator: FRANZISKA RACKER CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B)THRIFT PLAN OF FRANZISKA RACKER CENTERS, INC., FRANZISKA RACKER CENTERS, INC.

FRANZISKA RACKER CENTERS, INC.EIN 15-0581887Plan #001PY 2023

3226 WILKINS RD - ITHACA, NY 148509568607-272-5891LinkedIn1001-5000 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$32.9M

+10.1% from 2022

Total participants

1,293

+10.3% from 2022

Average account balance

$32,253

-0.2% from 2022

Annual return

14.06%

+26.33 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.46M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

1,075

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.

69.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

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

+11.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 2 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP5 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Participant loan processing; Recordke...	$5,137
TIAA9+ years Service code 12 730 THIRD AVE · NEW YORK, NY 10017	Claims processing; Recordkeeping and ...	$0

Plan features & details

Pension benefit codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$11K

$11 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

0 / 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: SCIARABBA WALKER & CO., LLP
Auditor EIN: 161071694
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,253

$47,135-31.6%

$149,717-78.5%

$74,440-56.7%

Participation rate

70.9%

63.4%+7.5pp

78.8%-7.9pp

70.7%+0.2pp

Annual return

14.06%

22.75%-8.7pp

134.41%-120.3pp

34.37%-20.3pp

Employer contribution / active EE

$533

$1,906-72.0%

$4,820-88.9%

$2,638-79.8%

Participant deferral / active EE

$1,423

$2,728-47.9%

$5,682-75.0%

$4,529-68.6%

Admin fee / account holder

$10

$343-97.0%

$13,213-99.9%

$348-97.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP5 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Participant loan processing; Recordke...

$5,137

TIAA9+ years

Service code 12

730 THIRD AVE · NEW YORK, NY 10017

Claims processing; Recordkeeping and ...

403(B)THRIFT PLAN OF FRANZISKA RACKER CENTERS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B)THRIFT PLAN OF FRANZISKA RACKER CENTERS, 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