Retirement plan

TAX DEFERRED ANNUITY PLAN OF CORNING'S GAFFER DISTRICT, INC.

Name: CORNING'S GAFFER DISTRICT, INC - TAX DEFERRED ANNUITY PLAN OF CORNING'S GAFFER DISTRICT, INC. (2023) Form 5500
Creator: CORNING'S GAFFER DISTRICT, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN OF CORNING'S GAFFER DISTRICT, INC., CORNING'S GAFFER DISTRICT, INC

CORNING'S GAFFER DISTRICT, INCEIN 51-0530236Plan #001PY 2023

1 W MARKET ST SUITE 401 - CORNING, NY 148302654607-937-6292

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$128K

+28.5% from 2022

Total participants

+9.1% from 2022

Average account balance

$12,802

+41.3% from 2022

Annual return

17.19%

+33.70 pp from 2022

Benchmarks

See 18,480 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,480 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50K

Not enough data

1 years with asset history on file

Average account balance

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

$4K

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

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

+0.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 codes2G3D2J

Plan features

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$217 / participant

Other / not subdivided$2K100.0%

% of EOY assets

1.187%

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

$12,802

$96,388-86.7%

$80,627-84.1%

$139,466-90.8%

Participation rate

71.4%

73.6%-2.2pp

67.0%+4.4pp

80.3%-8.9pp

Annual return

17.19%

1352.08%-1334.9pp

936.76%-919.6pp

373.66%-356.5pp

Employer contribution / active EE

$3,260-100.0%

$2,723-100.0%

$4,754-100.0%

Participant deferral / active EE

$1,817

$5,224-65.2%

$4,443-59.1%

$6,712-72.9%

Admin fee / account holder

$152

$6,603-97.7%

$5,381-97.2%

$11,409-98.7%

TAX DEFERRED ANNUITY PLAN OF CORNING'S GAFFER DISTRICT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN OF CORNING'S GAFFER DISTRICT, INC.

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