Retirement plan

BRONX COMMUNITY COLLEGE EARLY CHILDHOOD CENTER 403(B) RETIREMENT PLAN

Name: BRONX COMMUNITY COLLEGE ASSOCIATION, INC. - BRONX COMMUNITY COLLEGE EARLY CHILDHOOD CENTER 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: BRONX COMMUNITY COLLEGE ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRONX COMMUNITY COLLEGE EARLY CHILDHOOD CENTER 403(B) RETIREMENT PLAN, BRONX COMMUNITY COLLEGE ASSOCIATION, INC.

BRONX COMMUNITY COLLEGE ASSOCIATION, INC.EIN 23-7327307Plan #001PY 2023

2155 UNIVERSITY BLVD - BRONX, NY 104532895718-289-5335LinkedIn51-200 employeeshigher education

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$305K

+24.6% from 2022

Total participants

-15.0% from 2022

Average account balance

$17,931

+2.6% from 2022

Annual return

14.04%

+31.54 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$502K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$81K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4599

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 codes2F2G2L2M2T3D

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.
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

$44K

$2727 / participant

Other / not subdivided$44K100.0%

% of EOY assets

14.316%

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

$17,931

$175,257-89.8%

$149,717-88.0%

$139,456-87.1%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

14.04%

166.70%-152.7pp

134.41%-120.4pp

373.45%-359.4pp

Employer contribution / active EE

$1,483

$5,477-72.9%

$4,820-69.2%

$4,753-68.8%

Participant deferral / active EE

$2,848

$6,521-56.3%

$5,682-49.9%

$6,711-57.6%

Admin fee / account holder

$2,567

$16,156-84.1%

$13,213-80.6%

$11,407-77.5%

BRONX COMMUNITY COLLEGE EARLY CHILDHOOD CENTER 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRONX COMMUNITY COLLEGE EARLY CHILDHOOD CENTER 403(B) RETIREMENT 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