Retirement plan

CENTER FOR ELDER LAW & JUSTICE, INC. 401(K) PLAN

Name: CENTER FOR ELDER LAW & JUSTICE, INC - CENTER FOR ELDER LAW & JUSTICE, INC. 401(K) PLAN (2016) Form 5500
Creator: CENTER FOR ELDER LAW & JUSTICE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER FOR ELDER LAW & JUSTICE, INC. 401(K) PLAN, CENTER FOR ELDER LAW & JUSTICE, INC

CENTER FOR ELDER LAW & JUSTICE, INCEIN 16-1118282Plan #001PY 2016

438 MAIN ST STE 1200 - BUFFALO, NY 142023208716-853-3087elderjusticeny.orgLinkedIn51-200 employeeslegal services

Prospect flagsLow fidelity bond

Top hat statement on fileNQDC

Filed October 3, 2023 (most recent of 2 filings on file)

Plan administrator

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438 Main Street, Suite 1200

Buffalo, NY 14202

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Plans declared (1)

Plan name not on file75 emp

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Total assets (EOY)

$672K

+27.1% from 2015

Total participants

+18.2% from 2015

Average account balance

$21,683

-5.7% from 2015

Annual return

7.02%

+8.36 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.74M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$499K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3359

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

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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 codes2E2F2G2J2T3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$234 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.255%

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

$21,683

$76,551-71.7%

$123,894-82.5%

$62,881-65.5%

Participation rate

77.8%

73.0%+4.8pp

81.4%-3.6pp

69.3%+8.5pp

Annual return

7.02%

18.68%-11.7pp

47.52%-40.5pp

20.14%-13.1pp

Employer contribution / active EE

$878

$2,882-69.5%

$4,617-81.0%

$2,281-61.5%

Participant deferral / active EE

$2,198

$4,840-54.6%

$5,984-63.3%

$3,203-31.4%

Admin fee / account holder

$272

$4,826-94.4%

$8,357-96.7%

$4,296-93.7%

CENTER FOR ELDER LAW & JUSTICE, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER FOR ELDER LAW & JUSTICE, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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