Retirement plan

GREATER SYRACUSE BUSINESS DEVELOPMENT CORPORATION EMPLOYEE SAVINGS RETIREMENT PLAN AND TRUST

Name: GREATER SYRACUSE BUSINESS DEVELOPME NT CORPORATION - GREATER SYRACUSE BUSINESS DEVELOPMENT CORPORATION EMPLOYEE SAVINGS RETIREMENT PLAN AND TRUST (2017) Form 5500
Creator: GREATER SYRACUSE BUSINESS DEVELOPME NT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER SYRACUSE BUSINESS DEVELOPMENT CORPORATION EMPLOYEE SAVINGS RETIREMENT PLAN AND TRUST, GREATER SYRACUSE BUSINESS DEVELOPME NT CORPORATION

GREATER SYRACUSE BUSINESS DEVELOPME NT CORPORATIONEIN 16-0906565Plan #001PY 2017

101 SOUTH SALINA STREET, #10, SUITE 1030 - SYRACUSE, NY 13202315-373-0273gsbdc.comLinkedIn1-10 employeesbanking

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$915K

+49.7% from 2016

Total participants

0.0% from 2016

Average account balance

$457,679

+49.7% from 2016

Annual return

41.74%

+40.66 pp from 2016

Benchmarks

See 30,802 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,802 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$4K

$1985 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.434%

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

$457,679

$171,867+166.3%

$149,718+205.7%

$147,585+210.1%

Participation rate

100.0%

88.2%+11.8pp

87.1%+12.9pp

82.8%+17.2pp

Annual return

41.74%

2113.36%-2071.6pp

1501.70%-1460.0pp

578.57%-536.8pp

Employer contribution / active EE

$4,846

$6,275-22.8%

$5,444-11.0%

$4,876-0.6%

Participant deferral / active EE

$19,382

$7,270+166.6%

$6,568+195.1%

$5,439+256.4%

Admin fee / account holder

$1,985

$13,799-85.6%

$11,283-82.4%

$10,885-81.8%

GREATER SYRACUSE BUSINESS DEVELOPMENT CORPORATION EMPLOYEE SAVINGS RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER SYRACUSE BUSINESS DEVELOPMENT CORPORATION EMPLOYEE SAVINGS RETIREMENT 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