Retirement plan

EMPLOYEE BENEFIT PLAN OF THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESN

Name: THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESNO COUNTY - EMPLOYEE BENEFIT PLAN OF THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESN (2017) Form 5500
Creator: THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESNO COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESN, THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESNO COUNTY

THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESNO COUNTYEIN 94-2816185Plan #001PY 2017

906 N ST STE 120 - FRESNO, CA 937212248559-476-2500

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$526K

+10.9% from 2016

Total participants

+27.3% from 2016

Average account balance

$19,476

-9.6% from 2016

Annual return

13.95%

-17.30 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

$1.29M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

169.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

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

+23.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1117

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 codes2F2T3D

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).
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.

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

$100K

$6249 / participant

Other / not subdivided$100K100.0%

% of EOY assets

19.014%

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

$19,476

$99,011-80.3%

$86,582-77.5%

$147,586-86.8%

Participation rate

93.8%

76.3%+17.4pp

73.5%+20.2pp

82.8%+10.9pp

Annual return

13.95%

1312.75%-1298.8pp

965.08%-951.1pp

578.59%-564.6pp

Employer contribution / active EE

$2,167

$3,132-30.8%

$2,839-23.7%

$4,876-55.6%

Participant deferral / active EE

$2,797

$3,972-29.6%

$3,609-22.5%

$5,439-48.6%

Admin fee / account holder

$3,703

$5,709-35.1%

$4,904-24.5%

$10,886-66.0%

EMPLOYEE BENEFIT PLAN OF THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF THE ECONOMIC DEVELOPMENT CORPORATION SERVING FRESN

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