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 (2018) 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 2018

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-13.3% from 2017

Total participants

+4.3% from 2017

Average account balance

$56,742

-16.9% from 2017

Annual return

2.04%

-9.00 pp from 2017

Benchmarks

See 8,369 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,369 peers

Snapshot2018

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

$277K

$46131 / participant

Other / not subdivided$277K100.0%

% of EOY assets

20.325%

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

$56,742

$97,020-41.5%

$83,322-31.9%

$135,379-58.1%

Participation rate

100.0%

80.4%+19.6pp

77.8%+22.2pp

82.6%+17.4pp

Annual return

2.04%

12.31%-10.3pp

10.64%-8.6pp

519.79%-517.7pp

Employer contribution / active EE

$4,207

$4,144+1.5%

$3,379+24.5%

$4,779-12.0%

Participant deferral / active EE

$1,790

$5,964-70.0%

$5,565-67.8%

$5,609-68.1%

Admin fee / account holder

$11,533

$8,426+36.9%

$7,540+53.0%

$10,828+6.5%

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