Retirement plan

LOCAL REDEVELOPMENT AUTHORITY FOR ROOSEVELT ROADS SAVINGS AND RETIREMENT PLAN

Name: LOCAL REDEV AUTH OF THE LANDS AND FACILITIES OF NAVAL STA ROOSEVELT R - LOCAL REDEVELOPMENT AUTHORITY FOR ROOSEVELT ROADS SAVINGS AND RETIREMENT PLAN (2019) Form 5500
Creator: LOCAL REDEV AUTH OF THE LANDS AND FACILITIES OF NAVAL STA ROOSEVELT R
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL REDEVELOPMENT AUTHORITY FOR ROOSEVELT ROADS SAVINGS AND RETIREMENT PLAN, LOCAL REDEV AUTH OF THE LANDS AND FACILITIES OF NAVAL STA ROOSEVELT R

LOCAL REDEV AUTH OF THE LANDS AND FACILITIES OF NAVAL STA ROOSEVELT REIN 66-0661048Plan #001PY 2019

FOMENTO BUILDING 106, 355 FD ROOSEVELT AVE - SAN JUAN, PR 00918787-758-4747

Prospect flagsLow returnsHigh feesLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$138K

-6.8% from 2018

Total participants

-10.0% from 2018

Average account balance

$15,298

+3.6% from 2018

Annual return

4.59%

-5.89 pp from 2018

Benchmarks

See 15,857 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort15,857 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$559K

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

118.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3193

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 codes2E2G2F2T3C

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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$54K

$5965 / participant

Other / not subdivided$54K100.0%

% of EOY assets

38.992%

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

$15,298

$226,105-93.2%

$182,540-91.6%

$152,897-90.0%

Participation rate

100.0%

82.5%+17.5pp

78.0%+22.0pp

82.5%+17.5pp

Annual return

4.59%

192.58%-188.0pp

148.58%-144.0pp

345.43%-340.8pp

Employer contribution / active EE

$1,367

$4,978-72.5%

$4,076-66.5%

$4,764-71.3%

Participant deferral / active EE

$2,733

$6,370-57.1%

$5,525-50.5%

$5,851-53.3%

Admin fee / account holder

$5,965

$10,706-44.3%

$8,593-30.6%

$11,599-48.6%

LOCAL REDEVELOPMENT AUTHORITY FOR ROOSEVELT ROADS SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL REDEVELOPMENT AUTHORITY FOR ROOSEVELT ROADS SAVINGS AND RETIREMENT 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