Retirement plan

GREATER CLEVELAND FOOD BANK 403(B) PLAN

Name: GREATER CLEVELAND FOOD BANK - GREATER CLEVELAND FOOD BANK 403(B) PLAN (2016) Form 5500
Creator: GREATER CLEVELAND FOOD BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER CLEVELAND FOOD BANK 403(B) PLAN, GREATER CLEVELAND FOOD BANK

GREATER CLEVELAND FOOD BANKEIN 34-1292848Plan #001PY 2016

15500 S. WATERLOO ROAD - CLEVELAND, OH 44110216-738-2128greaterclevelandfoodbank.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$3M

+20.2% from 2015

Total participants

169

+15.0% from 2015

Average account balance

$20,253

+7.4% from 2015

Annual return

9.61%

+5.81 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.39M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

199

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111	Recordkeeping Fees	$24,144
AMERIPRISE FINANCIAL SERVICES INC2+ years Service code 55	Other Commissions	$10,692
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ BENEFITS & INS SERVICES INC Service code 13	Contract Administrator	$2,450
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL SERVICES Service code 55 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Other Commissions	$0
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INS INC Service code 13 28126 NETWORK PLACE · CHICAGO, IL 606731281	Contract Administrator	$0

Plan features & details

Pension benefit codes2M2E2T2F2G3D2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$24K

$182 / participant

Contract admin$24K100.0%

% of EOY assets

0.786%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,253

$46,732-56.7%

$156,551-87.1%

$55,167-63.3%

Participation rate

85.5%

65.8%+19.7pp

84.0%+1.5pp

69.0%+16.5pp

Annual return

9.61%

17.72%-8.1pp

32.23%-22.6pp

169.23%-159.6pp

Employer contribution / active EE

$1,300

$2,105-38.3%

$5,501-76.4%

$1,963-33.8%

Participant deferral / active EE

$1,913

$2,204-13.2%

$4,871-60.7%

$3,054-37.4%

Admin fee / account holder

$159

$418-62.0%

$13,028-98.8%

$504-68.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111

Recordkeeping Fees

$24,144

AMERIPRISE FINANCIAL SERVICES INC2+ years

Service code 55

Other Commissions

$10,692

CBIZ RETIREMENT PLAN SERVICES2+ years

Filed as: CBIZ BENEFITS & INS SERVICES INC

Service code 13

Contract Administrator

$2,450

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 55

70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Other Commissions

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INS INC

Service code 13

28126 NETWORK PLACE · CHICAGO, IL 606731281

Contract Administrator

GREATER CLEVELAND FOOD BANK 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER CLEVELAND FOOD BANK 403(B) 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