Retirement plan

EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,

Name: FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, - EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, (2017) Form 5500
Creator: FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,, FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,

FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,EIN 23-7237931Plan #002PY 2017

1 FARMINGDALE RD - WEST BABYLON, NY 11704631-669-5355risewell.orgLinkedIn501-1000 employeesmental health care

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.8M

+24.7% from 2016

Total participants

908

+10.6% from 2016

Average account balance

$13,698

+12.8% from 2016

Annual return

13.56%

+4.88 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.66M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

624

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP3+ years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Participant loan processing; Claims p...	$18,492

Plan features & details

Pension benefit codes2F2S2T3D

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).
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$21 / participant

Contract admin$10K71.9%
Other / not subdivided$4K28.1%

% of EOY assets

0.124%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER TILLY VIRCHOW KRAUSE LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,698

$46,173-70.3%

$170,435-92.0%

$69,631-80.3%

Participation rate

80.5%

63.9%+16.6pp

83.6%-3.1pp

70.7%+9.9pp

Annual return

13.56%

21.62%-8.1pp

205.94%-192.4pp

27571.02%-27557.5pp

Employer contribution / active EE

$875

$1,610-45.6%

$5,432-83.9%

$2,032-56.9%

Participant deferral / active EE

$1,164

$2,080-44.1%

$4,939-76.4%

$3,224-63.9%

Admin fee / account holder

$17

$116-85.3%

$13,881-99.9%

$110-84.6%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP3+ years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Participant loan processing; Claims p...

$18,492

EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED,

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