Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF THE INTERNATIONAL INSTITUTE OF BUFFALO

Name: THE INTERNATIONAL INSTITUTE OF BUFFALO - 403(B) THRIFT PLAN FOR EMPLOYEES OF THE INTERNATIONAL INSTITUTE OF BUFFALO (2024) Form 5500
Creator: THE INTERNATIONAL INSTITUTE OF BUFFALO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF THE INTERNATIONAL INSTITUTE OF BUFFALO, THE INTERNATIONAL INSTITUTE OF BUFFALO

THE INTERNATIONAL INSTITUTE OF BUFFALOEIN 16-0743052Plan #003PY 2024

864 DELAWARE AVE - BUFFALO, NY 142092008716-883-1900iibuffalo.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.3M

+29.0% from 2023

Total participants

-15.9% from 2023

Average account balance

$18,598

+32.6% from 2023

Annual return

15.27%

-4.76 pp from 2023

Benchmarks

See 4,471 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,471 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.32M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

118.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

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

+15.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$10K

$159 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.724%

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

$18,598

$48,327-61.5%

$67,575-72.5%

$80,935-77.0%

Participation rate

68.3%

66.4%+1.9pp

72.9%-4.6pp

67.7%+0.7pp

Annual return

15.27%

18.31%-3.0pp

3528.98%-3513.7pp

35.66%-20.4pp

Employer contribution / active EE

$1,462

$2,022-27.7%

$2,736-46.6%

$2,757-47.0%

Participant deferral / active EE

$1,018

$2,927-65.2%

$4,003-74.6%

$4,299-76.3%

Admin fee / account holder

$135

$3,692-96.4%

$3,993-96.6%

$6,924-98.1%

403(B) THRIFT PLAN FOR EMPLOYEES OF THE INTERNATIONAL INSTITUTE OF BUFFALO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF THE INTERNATIONAL INSTITUTE OF BUFFALO

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