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 (2022) 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, INC.EIN 16-0743069Plan #001PY 2022

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)

$10.5M

-29.8% from 2021

Total participants

171

+11.0% from 2021

Average account balance

$72,905

-32.2% from 2021

Annual return

-16.86%

-32.13 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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.1 year Filed as: THE VANGUARD GROUP INC Service code 15 · EIN 23-1945930	Recordkeeping	$14,448
GLOBAL RETIREMENT PARTNERS LLC4 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HIGHWAY STE B-30 · SAN RAFAEL, CA 94903	Advisory (Plan)	$8,240

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

$23K

$184 / participant

Investment mgmt$8K35.8%
Contract admin$15K64.2%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EFPR GROUP CPAS PLLC
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,905

$84,493-13.7%

$125,381-41.9%

$66,938+8.9%

Participation rate

78.4%

76.4%+2.0pp

82.4%-4.0pp

69.8%+8.6pp

Annual return

-16.86%

-8.49%-8.4pp

572.31%-589.2pp

1.58%-18.4pp

Employer contribution / active EE

$3,747

$3,554+5.5%

$4,815-22.2%

$2,545+47.2%

Participant deferral / active EE

$5,044

$6,783-25.6%

$7,448-32.3%

$4,238+19.0%

Admin fee / account holder

$160

$685-76.6%

$10,007-98.4%

$594-73.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP INC

Service code 15 · EIN 23-1945930

Recordkeeping

$14,448

GLOBAL RETIREMENT PARTNERS LLC4 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HIGHWAY STE B-30 · SAN RAFAEL, CA 94903

Advisory (Plan)

$8,240

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