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 (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

-7.5% from 2021

Total participants

-4.3% from 2021

Average account balance

$77,629

-3.3% from 2021

Annual return

-7.62%

-19.80 pp from 2021

Benchmarks

See 10,382 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort10,382 peers

Snapshot2022

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

$44K

$7365 / participant

Other / not subdivided$44K100.0%

% of EOY assets

2.587%

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

$77,629

$99,644-22.1%

$86,438-10.2%

$134,532-42.3%

Participation rate

100.0%

82.1%+17.9pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-7.62%

6787.26%-6794.9pp

4397.19%-4404.8pp

418.27%-425.9pp

Employer contribution / active EE

$5,180

$4,402+17.7%

$3,769+37.4%

$4,741+9.3%

Participant deferral / active EE

$2,617

$7,247-63.9%

$6,952-62.4%

$6,401-59.1%

Admin fee / account holder

$2,009

$8,375-76.0%

$6,733-70.2%

$11,429-82.4%

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