Retirement plan

OLPGN LIBRARY DEFINED CONTRIBUTION PLAN

Name: OLD LYME PHOEBE GRIFFIN NOYES LIBRARY ASSOCIATION INC. - OLPGN LIBRARY DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: OLD LYME PHOEBE GRIFFIN NOYES LIBRARY ASSOCIATION INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLPGN LIBRARY DEFINED CONTRIBUTION PLAN, OLD LYME PHOEBE GRIFFIN NOYES LIBRARY ASSOCIATION INC.

OLD LYME PHOEBE GRIFFIN NOYES LIBRARY ASSOCIATION INC.EIN 23-7209074Plan #001PY 2024

2 LIBRARY LANE - OLD LYME, CT 06371860-434-1684

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$923K

+8.9% from 2023

Total participants

+8.3% from 2023

Average account balance

$38,470

+8.9% from 2023

Annual return

14.43%

+2.61 pp from 2023

Benchmarks

See 12,288 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort12,288 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.05M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

250.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$578

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 codes2L2G2F2T3D

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.
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

$104K

$11573 / participant

Other / not subdivided$104K100.0%

% of EOY assets

11.282%

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

$38,470

$108,897-64.7%

$100,378-61.7%

$145,877-73.6%

Participation rate

77.8%

83.0%-5.2pp

81.5%-3.7pp

80.3%-2.5pp

Annual return

14.43%

58.17%-43.7pp

49.41%-35.0pp

551.28%-536.9pp

Employer contribution / active EE

$2,424

$4,420-45.2%

$3,942-38.5%

$4,663-48.0%

Participant deferral / active EE

$3,927

$8,455-53.6%

$8,087-51.4%

$6,691-41.3%

Admin fee / account holder

$4,340

$9,690-55.2%

$7,899-45.1%

$13,402-67.6%

OLPGN LIBRARY DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLPGN LIBRARY DEFINED CONTRIBUTION 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