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 (2021) 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 2021

ONE CONVENTION CENTER PLAZA - BUFFALO, NY 142023105716-855-5558

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$640K

-44.2% from 2020

Total participants

-7.7% from 2020

Average account balance

$31,993

-35.8% from 2020

Annual return

13.19%

-30.41 pp from 2020

Benchmarks

See 15,329 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort15,329 peers

Snapshot2021

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

$687K

$38190 / participant

Other / not subdivided$687K100.0%

% of EOY assets

107.433%

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

$31,993

$114,093-72.0%

$96,171-66.7%

$167,536-80.9%

Participation rate

77.8%

75.1%+2.7pp

68.4%+9.3pp

82.1%-4.3pp

Annual return

13.19%

190.00%-176.8pp

192.04%-178.9pp

478.82%-465.6pp

Employer contribution / active EE

$538

$3,429-84.3%

$2,799-80.8%

$4,839-88.9%

Participant deferral / active EE

$1,083

$5,197-79.2%

$4,350-75.1%

$6,342-82.9%

Admin fee / account holder

$34,371

$6,899+398.2%

$5,538+520.6%

$12,315+179.1%

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