Retirement plan

COUNCIL ON LIBRARY AND INFORMATION RESOURCES 403(B) PLAN

Name: COUNCIL ON LIBRARY AND INFORMATION RESOURCES - COUNCIL ON LIBRARY AND INFORMATION RESOURCES 403(B) PLAN (2023) Form 5500
Creator: COUNCIL ON LIBRARY AND INFORMATION RESOURCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COUNCIL ON LIBRARY AND INFORMATION RESOURCES 403(B) PLAN, COUNCIL ON LIBRARY AND INFORMATION RESOURCES

COUNCIL ON LIBRARY AND INFORMATION RESOURCESEIN 52-1576808Plan #003PY 2023

211 N UNION STREET STE 100 - ALEXANDRIA, VA 22314202-257-1269clir.orgLinkedIn11-50 employeesinformation services

Other plans on this EIN

2 filings

#001Retirement-$4.5M assets #002Retirement-$1.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+34.5% from 2022

Total participants

+4.2% from 2022

Average account balance

$93,737

+29.1% from 2022

Annual return

18.56%

+26.72 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.09M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

147.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$467K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+18.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22906

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 codes2E2F2G2L2M2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$143K

$7169 / participant

Other / not subdivided$143K100.0%

% of EOY assets

6.119%

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

$93,737

$96,691-3.1%

$86,656+8.2%

$139,487-32.8%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

18.56%

106.87%-88.3pp

593.09%-574.5pp

373.84%-355.3pp

Employer contribution / active EE

$15,448

$3,267+372.9%

$3,025+410.6%

$4,755+224.9%

Participant deferral / active EE

$5,013

$4,838+3.6%

$4,439+12.9%

$6,713-25.3%

Admin fee / account holder

$5,735

$6,414-10.6%

$5,619+2.1%

$11,407-49.7%

COUNCIL ON LIBRARY AND INFORMATION RESOURCES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COUNCIL ON LIBRARY AND INFORMATION RESOURCES 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