Retirement plan

403(B) THRIFT PLAN FOR THE WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION

Name: WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION - 403(B) THRIFT PLAN FOR THE WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION (2017) Form 5500
Creator: WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR THE WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION, WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION

WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATIONdba NEIGHBORWORKS BLACKSTONE RIVER VALLEYEIN 22-2907602Plan #002PY 2017

719 FRONT ST UNIT 103 - WOONSOCKET, RI 028955278401-257-6093

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$123K

+56.1% from 2016

Total participants

+11.1% from 2016

Average account balance

$6,133

+24.9% from 2016

Annual return

46.23%

+46.23 pp from 2016

Benchmarks

See 37,229 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort37,229 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.26M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24579

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 codes2M2F2G3D2T

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).
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

2 tripped

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

$70K

$3710 / participant

Other / not subdivided$70K100.0%

% of EOY assets

57.466%

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

$6,133

$106,008-94.2%

$92,240-93.4%

$147,586-95.8%

Participation rate

100.0%

80.4%+19.6pp

76.5%+23.5pp

82.8%+17.2pp

Annual return

46.23%

50.05%-3.8pp

176.29%-130.1pp

578.59%-532.4pp

Employer contribution / active EE

$1,400

$4,333-67.7%

$3,680-62.0%

$4,876-71.3%

Participant deferral / active EE

$2,507

$4,478-44.0%

$3,897-35.7%

$5,439-53.9%

Admin fee / account holder

$3,525

$6,333-44.3%

$5,194-32.1%

$10,886-67.6%

403(B) THRIFT PLAN FOR THE WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR THE WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION

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