Retirement plan

CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN

Name: CANISIUS HIGH SCHOOL - CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: CANISIUS HIGH SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN, CANISIUS HIGH SCHOOL

CANISIUS HIGH SCHOOLEIN 16-0743943Plan #001PY 2016

1180 DELAWARE AVENUE - BUFFALO, NY 14209716-882-0466canisiushigh.orgLinkedIn51-200 employeeshigher education

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.8M

No prior year

Total participants

350

No prior year

Average account balance

$16,693

No prior year

Annual return

7.06%

No prior year

Benchmarks

See 1,388 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.28M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

109

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$746K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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

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 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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$27 / participant

Contract admin$4K100.0%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

1 / 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: FREED MAXICK CPA'S, PC
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,693

$52,467-68.2%

$57,196-70.8%

$55,167-69.7%

Participation rate

98.8%

75.8%+22.9pp

75.3%+23.4pp

69.0%+29.8pp

Annual return

7.06%

7.72%-0.7pp

14.59%-7.5pp

169.23%-162.2pp

Employer contribution / active EE

$2,085

$2,477-15.8%

$2,683-22.3%

$1,963+6.2%

Participant deferral / active EE

$1,992

$2,830-29.6%

$3,096-35.7%

$3,054-34.8%

Admin fee / account holder

$12

$269-95.4%

$3,141-99.6%

$504-97.6%

CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANISIUS HIGH SCHOOL 401(K) 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