Retirement plan

CARY INSTITUTE DC PLAN

Name: CARY INSTITUTE OF ECOSYSTEM STUDIES - CARY INSTITUTE DC PLAN (2017) Form 5500
Creator: CARY INSTITUTE OF ECOSYSTEM STUDIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARY INSTITUTE DC PLAN, CARY INSTITUTE OF ECOSYSTEM STUDIES

CARY INSTITUTE OF ECOSYSTEM STUDIESEIN 22-3232968Plan #002PY 2017

2801 SHARON TURNPIKE - MILLBROOK, NY 12545845-677-7600caryinstitute.orgLinkedIn51-200 employeesresearch

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$22.2M

+16.9% from 2016

Total participants

+15.7% from 2016

Average account balance

$241,601

+5.5% from 2016

Annual return

14.43%

+8.03 pp from 2016

Benchmarks

See 3,768 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,768 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.84M

Not enough data

1 years with asset history on file

Average account balance

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

$259K

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.

119

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.

224.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$802K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53917

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 codes2F2G2L2M2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

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

$188K

$3769 / participant

Other / not subdivided$188K100.0%

% of EOY assets

0.848%

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

$241,601

$45,050+436.3%

$63,018+283.4%

$70,126+244.5%

Participation rate

92.0%

69.5%+22.5pp

74.8%+17.2pp

69.5%+22.5pp

Annual return

14.43%

18.76%-4.3pp

87.62%-73.2pp

73.15%-58.7pp

Employer contribution / active EE

$9,252

$2,052+350.9%

$2,761+235.1%

$2,343+295.0%

Participant deferral / active EE

$3,855

$2,466+56.4%

$3,330+15.8%

$3,332+15.7%

Admin fee / account holder

$2,049

$2,834-27.7%

$3,601-43.1%

$4,645-55.9%

CARY INSTITUTE DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARY INSTITUTE DC 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