Retirement plan

LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC.

Name: LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC. - LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC. (2021) Form 5500
Creator: LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC., LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC.

LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC.EIN 22-2527030Plan #002PY 2021

20 HIGH ST - NEW BRITAIN, CT 060512206860-229-7323englishhelp.orgLinkedIn1-10 employeesinternational affairs

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$441K

-19.8% from 2020

Total participants

0.0% from 2020

Average account balance

$62,960

-19.8% from 2020

Annual return

6.34%

-0.05 pp from 2020

Benchmarks

See 6,475 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,475 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$237K

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

350.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1021

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 codes2F

Plan features

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).

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$150K

$75000 / participant

Other / not subdivided$150K100.0%

% of EOY assets

34.035%

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

$62,960

$84,713-25.7%

$75,717-16.8%

$167,518-62.4%

Participation rate

100.0%

77.8%+22.2pp

74.8%+25.2pp

82.1%+17.9pp

Annual return

6.34%

199.49%-193.1pp

104.58%-98.2pp

478.71%-472.4pp

Employer contribution / active EE

$1,364

$3,229-57.8%

$2,743-50.3%

$4,838-71.8%

Participant deferral / active EE

$1,950

$4,578-57.4%

$3,821-49.0%

$6,342-69.3%

Admin fee / account holder

$21,429

$5,357+300.0%

$3,619+492.1%

$12,312+74.0%

LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LITERACY VOLUNTEERS OF CENTRAL CONNECTICUT, INC.

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