Retirement plan

NEW MEXICO PRIMARY CARE ASSOCIATION 403(B) PLAN

Name: NEW MEXICO PRIMARY CARE ASSOCIATION - NEW MEXICO PRIMARY CARE ASSOCIATION 403(B) PLAN (2016) Form 5500
Creator: NEW MEXICO PRIMARY CARE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW MEXICO PRIMARY CARE ASSOCIATION 403(B) PLAN, NEW MEXICO PRIMARY CARE ASSOCIATION

NEW MEXICO PRIMARY CARE ASSOCIATIONdba NEW MEXICO PRIMARY CARE ASSOCIATIONEIN 85-0331657Plan #001PY 2016

4206 LOUISIANA BLVD NE - ALBUQUERQUE, NM 871091807505-880-8882nmpca.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.4M

+22.7% from 2015

Total participants

+21.2% from 2015

Average account balance

$47,007

+26.9% from 2015

Annual return

8.71%

+9.83 pp from 2015

Benchmarks

See 7,815 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,815 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

210.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$178K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2044

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 codes2F2G2J2L

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$12K

$344 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.909%

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

$47,007

$48,078-2.2%

$78,676-40.3%

$62,881-25.2%

Participation rate

69.4%

65.2%+4.2pp

73.6%-4.1pp

69.3%+0.1pp

Annual return

8.71%

31.36%-22.7pp

62.19%-53.5pp

20.14%-11.4pp

Employer contribution / active EE

$2,759

$2,015+37.0%

$2,850-3.2%

$2,281+21.0%

Participant deferral / active EE

$1,874

$2,587-27.6%

$3,517-46.7%

$3,203-41.5%

Admin fee / account holder

$427

$3,206-86.7%

$4,510-90.5%

$4,296-90.1%

NEW MEXICO PRIMARY CARE ASSOCIATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW MEXICO PRIMARY CARE ASSOCIATION 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