Retirement plan

BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION 403(B) PROFIT SHARING PLAN

Name: BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION - BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION 403(B) PROFIT SHARING PLAN (2020) Form 5500
Creator: BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION 403(B) PROFIT SHARING PLAN, BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION

BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATIONEIN 16-1090602Plan #002PY 2020

ONE CONVENTION CENTER PLAZA - BUFFALO, NY 142023105716-855-5555

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+42.5% from 2019

Total participants

+13.0% from 2019

Average account balance

$49,863

+36.3% from 2019

Annual return

43.60%

+22.98 pp from 2019

Benchmarks

See 14,128 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,128 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$774K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

113.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1702

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 codes2E2F2G2L2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

$71K

$3942 / participant

Other / not subdivided$71K100.0%

% of EOY assets

6.187%

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

$49,863

$109,411-54.4%

$89,435-44.2%

$158,982-68.6%

Participation rate

83.3%

74.3%+9.1pp

68.0%+15.3pp

82.0%+1.4pp

Annual return

43.60%

345.68%-302.1pp

245.55%-202.0pp

302.99%-259.4pp

Employer contribution / active EE

$942

$3,173-70.3%

$2,587-63.6%

$4,763-80.2%

Participant deferral / active EE

$2,497

$4,600-45.7%

$3,890-35.8%

$5,983-58.3%

Admin fee / account holder

$3,085

$6,159-49.9%

$4,884-36.8%

$11,252-72.6%

BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION 403(B) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORPORATION 403(B) PROFIT SHARING 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