Retirement plan

CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL 403B DC PLAN

Name: CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL - CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL 403B DC PLAN (2015) Form 5500
Creator: CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL 403B DC PLAN, CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL

CENTRAL NEW YORK LIBRARY RESOURCES COUNCILEIN 16-0957462Plan #001PY 2015

6493 RIDINGS ROAD - SYRACUSE, NY 13206315-446-5446clrc.orgLinkedIn1-10 employeeslibraries

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.5M

No prior year

Total participants

No prior year

Average account balance

$68,645

No prior year

Annual return

2.55%

No prior year

Benchmarks

See 6,945 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort6,945 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.98M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

333.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13445

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 codes2G2L3D

Plan features

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.
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

$337K

$56120 / participant

Other / not subdivided$337K100.0%

% of EOY assets

22.296%

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

$68,645

$86,701-20.8%

$73,309-6.4%

$125,389-45.3%

Participation rate

83.3%

78.6%+4.7pp

74.9%+8.4pp

83.2%+0.1pp

Annual return

2.55%

2.78%-0.2pp

5.67%-3.1pp

282.24%-279.7pp

Employer contribution / active EE

$3,875

$4,152-6.7%

$3,237+19.7%

$4,866-20.4%

Participant deferral / active EE

$1,292

$5,549-76.7%

$4,991-74.1%

$5,352-75.9%

Admin fee / account holder

$15,305

$7,768+97.0%

$5,635+171.6%

$9,541+60.4%

CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL 403B DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL NEW YORK LIBRARY RESOURCES COUNCIL 403B DC 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