Retirement plan

EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC. 401(K) RETIREMENT PLAN

Name: EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC. - EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC. 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC. 401(K) RETIREMENT PLAN, EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC.

EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC.EIN 20-8482142Plan #001PY 2018

109 TWIN OAKS DRIVE - SYRACUSE, NY 13206315-440-8989

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$394K

+16.5% from 2017

Total participants

-13.7% from 2017

Average account balance

$10,955

+52.1% from 2017

Annual return

-10.63%

-33.14 pp from 2017

Benchmarks

See 8,161 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,161 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.90M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

157.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$394K

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

+13.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2785

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 codes2E2F2G2J2T3D2D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$129K

$4147 / participant

Other / not subdivided$129K100.0%

% of EOY assets

32.598%

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

$10,955

$49,177-77.7%

$79,467-86.2%

$64,173-82.9%

Participation rate

74.2%

65.0%+9.2pp

73.3%+0.8pp

69.6%+4.6pp

Annual return

-10.63%

-1.16%-9.5pp

718.30%-728.9pp

7.63%-18.3pp

Employer contribution / active EE

$6,042

$2,076+191.0%

$2,800+115.8%

$2,381+153.8%

Participant deferral / active EE

$838

$2,821-70.3%

$3,704-77.4%

$3,470-75.9%

Admin fee / account holder

$3,571

$3,839-7.0%

$5,104-30.0%

$4,887-26.9%

EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPIRE STATE MERIT APPRENTICESHIP ALLIANCE, INC. 401(K) RETIREMENT 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