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 (2017) 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 2017

5710 COMMONS PARK DRIVE - E SYRACUSE, NY 13057315-446-5446clrc.orgLinkedIn1-10 employeeslibraries

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+9.2% from 2016

Total participants

+4.5% from 2016

Average account balance

$68,283

+4.4% from 2016

Annual return

11.05%

+6.22 pp from 2016

Benchmarks

See 8,045 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,045 peers

Snapshot2017

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 codes2F2G2L3D

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.
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

1 tripped

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

$58K

$11699 / participant

Other / not subdivided$58K100.0%

% of EOY assets

3.725%

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

$68,283

$105,856-35.5%

$90,161-24.3%

$147,586-53.7%

Participation rate

100.0%

79.7%+20.3pp

76.9%+23.1pp

82.8%+17.2pp

Annual return

11.05%

37.63%-26.6pp

34.89%-23.8pp

578.59%-567.5pp

Employer contribution / active EE

$4,324

$4,126+4.8%

$3,318+30.3%

$4,876-11.3%

Participant deferral / active EE

$2,036

$5,733-64.5%

$5,287-61.5%

$5,439-62.6%

Admin fee / account holder

$2,543

$8,046-68.4%

$5,943-57.2%

$10,886-76.6%

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