Retirement plan

IBERO-AMERICAN ACTION LEAGUE, INC. 403(B) RETIREMENT PLAN

Name: IBERO-AMERICAN ACTION LEAGUE, INC. - IBERO-AMERICAN ACTION LEAGUE, INC. 403(B) RETIREMENT PLAN (2021) Form 5500
Creator: IBERO-AMERICAN ACTION LEAGUE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBERO-AMERICAN ACTION LEAGUE, INC. 403(B) RETIREMENT PLAN, IBERO-AMERICAN ACTION LEAGUE, INC.

IBERO-AMERICAN ACTION LEAGUE, INC.EIN 16-0954745Plan #001PY 2021

817 EAST MAIN ST. - ROCHESTER, NY 14605585-256-8900ibero.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1M

+6.6% from 2020

Total participants

278

-23.8% from 2020

Average account balance

$4,727

+62.3% from 2020

Annual return

19.22%

+3.81 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

209

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.

63.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 1 by compensation

Provider	Service type	Compensation
CANANDAIGUA NATIONAL BANK & TRUST7+ years Service code 21 · EIN 16-0373410	Bank Trustee	$11,085

Plan features & details

Pension benefit codes2F2G2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

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

$11K

$53 / participant

Other / not subdivided$11K100.0%

% of EOY assets

1.066%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EFPR GROUP, CPAS, PLLC
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,727

$63,768-92.6%

$98,477-95.2%

$79,393-94.0%

Participation rate

72.1%

69.9%+2.3pp

73.3%-1.2pp

70.7%+1.4pp

Annual return

19.22%

626.18%-607.0pp

1493.59%-1474.4pp

116.87%-97.7pp

Employer contribution / active EE

$2,558-100.0%

$2,961-100.0%

$2,428-100.0%

Participant deferral / active EE

$1,268

$3,305-61.6%

$4,276-70.4%

$4,046-68.7%

Admin fee / account holder

$50

$516-90.2%

$5,951-99.2%

$627-92.0%

Provider

Service type

Compensation

CANANDAIGUA NATIONAL BANK & TRUST7+ years

Service code 21 · EIN 16-0373410

Bank Trustee

$11,085

IBERO-AMERICAN ACTION LEAGUE, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBERO-AMERICAN ACTION LEAGUE, INC. 403(B) 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