Retirement plan

ABBEY OF THE GENESEE INC 401K PROFIT SHARING PLAN AND TRUST

Name: ABBEY OF THE GENESEE - ABBEY OF THE GENESEE INC 401K PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: ABBEY OF THE GENESEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABBEY OF THE GENESEE INC 401K PROFIT SHARING PLAN AND TRUST, ABBEY OF THE GENESEE

ABBEY OF THE GENESEEEIN 16-0758593Plan #001PY 2022

3258 RIVER RD - PIFFARD, NY 14533585-243-0660geneseeabbey.orgLinkedIn1-10 employeesfacilities services

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$365K

-29.9% from 2021

Total participants

-3.1% from 2021

Average account balance

$13,052

-24.9% from 2021

Annual return

-13.74%

-23.92 pp from 2021

Benchmarks

See 4,136 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,136 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$282K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

328.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4551

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 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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$119K

$7910 / participant

Other / not subdivided$119K100.0%

% of EOY assets

32.467%

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

$13,052

$88,585-85.3%

$69,884-81.3%

$134,532-90.3%

Participation rate

80.0%

74.9%+5.1pp

70.5%+9.5pp

81.2%-1.2pp

Annual return

-13.74%

442.80%-456.5pp

190.81%-204.6pp

418.27%-432.0pp

Employer contribution / active EE

$1,493

$3,235-53.9%

$2,560-41.7%

$4,741-68.5%

Participant deferral / active EE

$788

$4,770-83.5%

$3,848-79.5%

$6,401-87.7%

Admin fee / account holder

$4,238

$10,441-59.4%

$6,266-32.4%

$11,429-62.9%

ABBEY OF THE GENESEE INC 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABBEY OF THE GENESEE INC 401K PROFIT SHARING PLAN AND TRUST

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