Retirement plan

403(B) THRIFT PLAN OF THE INTERNATIONAL INSTITUTE OF THE BAY AREA

Name: THE INTERNATIONAL INSTITUTE OF THE BAY AREA - 403(B) THRIFT PLAN OF THE INTERNATIONAL INSTITUTE OF THE BAY AREA (2018) Form 5500
Creator: THE INTERNATIONAL INSTITUTE OF THE BAY AREA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE INTERNATIONAL INSTITUTE OF THE BAY AREA, THE INTERNATIONAL INSTITUTE OF THE BAY AREA

THE INTERNATIONAL INSTITUTE OF THE BAY AREAEIN 94-1156554Plan #003PY 2018

1111 MARKET ST FL 4 - SAN FRANCISCO, CA 941031513415-538-8100iibayarea.orgLinkedIn51-200 employeeslegal services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+8.6% from 2017

Total participants

+1.8% from 2017

Average account balance

$22,744

+6.6% from 2017

Annual return

-3.71%

-18.75 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.66M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

107.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$490K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1330

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 codes2F2S2T

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).
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$84K

$1959 / participant

Other / not subdivided$84K100.0%

% of EOY assets

6.860%

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

$22,744

$75,962-70.1%

$154,108-85.2%

$64,173-64.6%

Participation rate

90.7%

70.4%+20.3pp

83.0%+7.7pp

69.6%+21.1pp

Annual return

-3.71%

30.32%-34.0pp

735.21%-738.9pp

7.63%-11.3pp

Employer contribution / active EE

$1,195

$3,350-64.3%

$5,298-77.4%

$2,381-49.8%

Participant deferral / active EE

$3,986

$3,175+25.6%

$5,081-21.5%

$3,470+14.9%

Admin fee / account holder

$1,560

$5,589-72.1%

$13,411-88.4%

$4,887-68.1%

403(B) THRIFT PLAN OF THE INTERNATIONAL INSTITUTE OF THE BAY AREA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE INTERNATIONAL INSTITUTE OF THE BAY AREA

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