Retirement plan

403(B) THRIFT PLAN OF THE COMMUNITY ACTION ORGANIZATION OF WESTERN NY

Name: THE COMMUNITY ACTION ORGANIZATION OF WESTERN NEW YORK, INC - 403(B) THRIFT PLAN OF THE COMMUNITY ACTION ORGANIZATION OF WESTERN NY (2023) Form 5500
Creator: THE COMMUNITY ACTION ORGANIZATION OF WESTERN NEW YORK, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE COMMUNITY ACTION ORGANIZATION OF WESTERN NY, THE COMMUNITY ACTION ORGANIZATION OF WESTERN NEW YORK, INC

THE COMMUNITY ACTION ORGANIZATION OF WESTERN NEW YORK, INCEIN 16-0911473Plan #002PY 2023

45 JEWETT AVE STE 150 - BUFFALO, NY 142142401716-881-5150LinkedIn201-500 employeesnon-profit organization management

Other plans on this EIN

1 filing

#001Retirement-$5.9M assets

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$7.4M

+12.6% from 2022

Total participants

1,048

-8.3% from 2022

Average account balance

$7,246

+14.3% from 2022

Annual return

9.23%

+17.69 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.85M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

529

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

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

+8.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP9+ years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 13-1614399	Account maintenance fees; Claims proc...	$6,429

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$6K

$16 / participant

Contract admin$6K100.0%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CAPIN CROUSE LLP
Auditor EIN: 363990892
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,246

$47,163-84.6%

$149,696-95.2%

$74,460-90.3%

Participation rate

93.7%

63.4%+30.3pp

78.8%+14.9pp

70.7%+23.0pp

Annual return

9.23%

22.75%-13.5pp

134.46%-125.2pp

34.38%-25.2pp

Employer contribution / active EE

$1,376

$1,907-27.9%

$4,821-71.5%

$2,638-47.9%

Participant deferral / active EE

$1,214

$2,730-55.5%

$5,682-78.6%

$4,530-73.2%

Admin fee / account holder

$343-98.2%

$13,212-100.0%

$348-98.2%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP9+ years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 12 · EIN 13-1614399

Account maintenance fees; Claims proc...

$6,429

403(B) THRIFT PLAN OF THE COMMUNITY ACTION ORGANIZATION OF WESTERN NY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE COMMUNITY ACTION ORGANIZATION OF WESTERN NY

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