Retirement plan

LEGAL AID BUREAU OF BUFFALO, INC RETIREMENT PLAN

Name: THE LEGAL AID BUREAU OF BUFFALO, INC - LEGAL AID BUREAU OF BUFFALO, INC RETIREMENT PLAN (2020) Form 5500
Creator: THE LEGAL AID BUREAU OF BUFFALO, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL AID BUREAU OF BUFFALO, INC RETIREMENT PLAN, THE LEGAL AID BUREAU OF BUFFALO, INC

THE LEGAL AID BUREAU OF BUFFALO, INCEIN 16-0743069Plan #001PY 2020

290 MAIN STREET, SUITE 400 - BUFFALO, NY 142024016716-853-9555legalaidbuffalo.orgLinkedIn51-200 employeeslegal services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$13.5M

+22.0% from 2019

Total participants

143

+6.7% from 2019

Average account balance

$111,592

+14.0% from 2019

Annual return

16.34%

-4.90 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.21M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

190

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.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$11,132
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Plan)	$8,000

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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.
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

$19K

$165 / participant

Investment mgmt$8K41.8%
Contract admin$11K58.2%

% of EOY assets

0.142%

all-in expense ratio

Categories reported

2 / 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: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,592

$99,957+11.6%

$149,730-25.5%

$73,493+51.8%

Participation rate

81.0%

75.7%+5.3pp

82.5%-1.4pp

70.7%+10.4pp

Annual return

16.34%

53.87%-37.5pp

276.70%-260.4pp

28.51%-12.2pp

Employer contribution / active EE

$4,286

$3,191+34.3%

$4,645-7.7%

$2,270+88.8%

Participant deferral / active EE

$5,209

$6,073-14.2%

$6,843-23.9%

$3,740+39.3%

Admin fee / account holder

$158

$551-71.3%

$9,310-98.3%

$513-69.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$11,132

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Plan)

$8,000

LEGAL AID BUREAU OF BUFFALO, INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL AID BUREAU OF BUFFALO, INC RETIREMENT 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