Retirement plan

403 B THRIFT PLAN OF NORTHERN CALIFORNIA GRANTMAKERS

Name: NORTHERN CALIFORNIA GRANTMAKERS - 403 B THRIFT PLAN OF NORTHERN CALIFORNIA GRANTMAKERS (2017) Form 5500
Creator: NORTHERN CALIFORNIA GRANTMAKERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403 B THRIFT PLAN OF NORTHERN CALIFORNIA GRANTMAKERS, NORTHERN CALIFORNIA GRANTMAKERS

NORTHERN CALIFORNIA GRANTMAKERSEIN 94-2761355Plan #002PY 2017

160 SPEAR ST STE 360 - SAN FRANCISCO, CA 941051543415-777-4111ncg.orgLinkedIn11-50 employeesphilanthropy

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$625K

+42.9% from 2016

Total participants

+21.1% from 2016

Average account balance

$28,390

+10.4% from 2016

Annual return

33.33%

-52.46 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.04M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

146.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$478K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1290

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 codes2F2S2T3E3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3E
One-participant plan combining with another plan
A one-participant plan that satisfies minimum coverage requirements of section 410(b) only when combined with another plan of the employer.

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

$107K

$6710 / participant

Other / not subdivided$107K100.0%

% of EOY assets

17.188%

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

$28,390

$99,011-71.3%

$86,582-67.2%

$147,586-80.8%

Participation rate

93.8%

76.3%+17.4pp

73.5%+20.2pp

82.8%+10.9pp

Annual return

33.33%

1312.75%-1279.4pp

965.08%-931.8pp

578.59%-545.3pp

Employer contribution / active EE

$3,724

$3,132+18.9%

$2,839+31.2%

$4,876-23.6%

Participant deferral / active EE

$5,587

$3,972+40.6%

$3,609+54.8%

$5,439+2.7%

Admin fee / account holder

$4,880

$5,709-14.5%

$4,904-0.5%

$10,886-55.2%

403 B THRIFT PLAN OF NORTHERN CALIFORNIA GRANTMAKERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403 B THRIFT PLAN OF NORTHERN CALIFORNIA GRANTMAKERS

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