Retirement plan

WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION RETIREMENT PLAN

Name: WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION - WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION RETIREMENT PLAN (2023) Form 5500
Creator: WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION RETIREMENT PLAN, WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION

WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATIONEIN 16-0834459Plan #001PY 2023

140 LOWER TERRACE - BUFFALO, NY 14240716-845-7000LinkedIn51-200 employeestelecommunications

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed June 14, 2019 (most recent of 4 filings on file)

Plan administrator

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140 Lower Terrace

Buffalo State: NY Zip Code: 14202

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$25.5M

+8.1% from 2022

Total participants

223

-0.9% from 2022

Average account balance

$119,299

+8.1% from 2022

Annual return

15.27%

+27.06 pp from 2022

Benchmarks

See 3,175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,175 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.73M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

207

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$589K

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

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY Service code 28 · EIN 20-8764829	Investment Management	$22,500
TIAA3 years Service code 15 · EIN 13-1624203	Recordkeeping	$4,905

Plan features & details

Pension benefit codes2A2G2L2M

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$347 / participant

Recordkeeping$5K17.9%
Investment mgmt$23K82.1%

% of EOY assets

0.107%

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: LUMSDEN & MCCORMICK LLP
Auditor EIN: 160765486
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,299

$68,398+74.4%

$94,664+26.0%

$75,173+58.7%

Participation rate

88.6%

76.1%+12.5pp

80.8%+7.8pp

67.2%+21.4pp

Annual return

15.27%

616.72%-601.5pp

156.84%-141.6pp

160.72%-145.5pp

Employer contribution / active EE

$3,522

$2,701+30.4%

$3,673-4.1%

$2,671+31.9%

Participant deferral / active EE

$3,625

$6,537-44.5%

$7,417-51.1%

$4,126-12.1%

Admin fee / account holder

$128

$5,324-97.6%

$7,222-98.2%

$5,651-97.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY

Service code 28 · EIN 20-8764829

Investment Management

$22,500

TIAA3 years

Service code 15 · EIN 13-1624203

Recordkeeping

$4,905

WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN NEW YORK PUBLIC BROADCASTING ASSOCIATION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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