Retirement plan

CONNECTICUT RIVER AREA HEALTH DISTRICT RETIREMENT SAVINGS PLAN

Name: CONNECTICUT RIVER AREA HEALTH DISTRICT - CONNECTICUT RIVER AREA HEALTH DISTRICT RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: CONNECTICUT RIVER AREA HEALTH DISTRICT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONNECTICUT RIVER AREA HEALTH DISTRICT RETIREMENT SAVINGS PLAN, CONNECTICUT RIVER AREA HEALTH DISTRICT

CONNECTICUT RIVER AREA HEALTH DISTRICTEIN 16-1764306Plan #001PY 2022

455 BOSTON POST RD SUITE 7 - OLD SAYBROOK, CT 064751554860-661-3300LinkedIn1-10 employeesgovernment administration

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1M

-9.3% from 2021

Total participants

+25.0% from 2021

Average account balance

$102,917

-27.4% from 2021

Annual return

-15.35%

-27.09 pp from 2021

Benchmarks

See 427 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort427 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1730

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$33K

$4104 / participant

Other / not subdivided$33K100.0%

% of EOY assets

3.190%

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

$102,917

$67,214+53.1%

$61,491+67.4%

$134,509-23.5%

Participation rate

100.0%

83.7%+16.3pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

-15.35%

-12.08%-3.3pp

-12.98%-2.4pp

418.13%-433.5pp

Employer contribution / active EE

$8,368

$4,974+68.2%

$4,246+97.1%

$4,741+76.5%

Participant deferral / active EE

$4,329

$6,103-29.1%

$5,188-16.6%

$6,400-32.4%

Admin fee / account holder

$3,283

$4,610-28.8%

$4,312-23.9%

$11,427-71.3%

CONNECTICUT RIVER AREA HEALTH DISTRICT RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONNECTICUT RIVER AREA HEALTH DISTRICT RETIREMENT SAVINGS 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