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 (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+6.3% from 2019

Total participants

-8.3% from 2019

Average account balance

$74,989

+16.0% from 2019

Annual return

12.59%

-2.04 pp from 2019

Benchmarks

See 9,163 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,163 peers

Snapshot2020

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

$139K

$27736 / participant

Other / not subdivided$139K100.0%

% of EOY assets

8.406%

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

$74,989

$115,903-35.3%

$100,528-25.4%

$158,966-52.8%

Participation rate

100.0%

81.6%+18.4pp

79.4%+20.6pp

82.0%+18.0pp

Annual return

12.59%

34.80%-22.2pp

30.90%-18.3pp

302.95%-290.4pp

Employer contribution / active EE

$5,361

$4,105+30.6%

$3,419+56.8%

$4,762+12.6%

Participant deferral / active EE

$2,825

$6,677-57.7%

$6,271-55.0%

$5,983-52.8%

Admin fee / account holder

$6,304

$11,000-42.7%

$8,084-22.0%

$11,250-44.0%

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