Retirement plan

403B THRIFT PLAN OF CENTER FOR GREAT NEIGHBORHOODS OF COVINGTON, INC.

Name: CENTER FOR GREAT NEIGHBORHOODS OF C OVINGTON, INC. - 403B THRIFT PLAN OF CENTER FOR GREAT NEIGHBORHOODS OF COVINGTON, INC. (2016) Form 5500
Creator: CENTER FOR GREAT NEIGHBORHOODS OF C OVINGTON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403B THRIFT PLAN OF CENTER FOR GREAT NEIGHBORHOODS OF COVINGTON, INC., CENTER FOR GREAT NEIGHBORHOODS OF C OVINGTON, INC.

CENTER FOR GREAT NEIGHBORHOODS OF C OVINGTON, INC.EIN 61-0733046Plan #001PY 2016

321 W. MARTIN LUTHER KING BOULEVARD - COVINGTON, KY 41011859-491-2220greatneighborhoods.orgLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+11.2% from 2015

Total participants

+26.7% from 2015

Average account balance

$76,415

-1.9% from 2015

Annual return

6.23%

+7.13 pp from 2015

Benchmarks

See 228 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants<25

Cohort228 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$242K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+5.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134007

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 codes2F2T2L2G

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$11K

$926 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.856%

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

$76,415

$78,988-3.3%

$273,968-72.1%

Participation rate

83.3%

74.5%+8.9pp

83.0%+0.3pp

Annual return

6.23%

18.48%-12.2pp

41.45%-35.2pp

Employer contribution / active EE

$1,844

$4,066-54.7%

$4,869-62.1%

Participant deferral / active EE

$3,781

$3,397+11.3%

$5,287-28.5%

Admin fee / account holder

$654

$13,270-95.1%

$10,132-93.5%

403B THRIFT PLAN OF CENTER FOR GREAT NEIGHBORHOODS OF COVINGTON, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403B THRIFT PLAN OF CENTER FOR GREAT NEIGHBORHOODS OF COVINGTON, 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