Retirement plan

FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. 403(B) PLAN

Name: FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC - FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. 403(B) PLAN (2016) Form 5500
Creator: FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. 403(B) PLAN, FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC

FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INCEIN 56-1283426Plan #001PY 2016

1924 CAPITAL BLVD - RALEIGH, NC 27604919-865-3054foodbankcenc.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$3.7M

+6.6% from 2015

Total participants

179

+12.6% from 2015

Average account balance

$20,845

-6.7% from 2015

Annual return

3.89%

+3.91 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.99M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

206.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$505K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5864

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 codes2G2M2J2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$55 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.150%

all-in expense ratio

Categories reported

0 / 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: ELLIOTT DAVIS DECOSIMO
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,845

$43,423-52.0%

$78,676-73.5%

$55,167-62.2%

Participation rate

98.0%

68.0%+30.0pp

73.6%+24.4pp

69.0%+29.0pp

Annual return

3.89%

11.53%-7.6pp

62.19%-58.3pp

169.23%-165.3pp

Employer contribution / active EE

$3,760

$1,997+88.3%

$2,850+31.9%

$1,963+91.6%

Participant deferral / active EE

$2,224

$2,509-11.3%

$3,517-36.7%

$3,054-27.2%

Admin fee / account holder

$31

$416-92.5%

$4,510-99.3%

$504-93.8%

FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. 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