Retirement plan

FOOD BANK OF NORTHERN NEVADA, INC. 403(B) PLAN

Name: FOOD BANK OF NORTHERN NEVADA, INC. - FOOD BANK OF NORTHERN NEVADA, INC. 403(B) PLAN (2016) Form 5500
Creator: FOOD BANK OF NORTHERN NEVADA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOOD BANK OF NORTHERN NEVADA, INC. 403(B) PLAN, FOOD BANK OF NORTHERN NEVADA, INC.

FOOD BANK OF NORTHERN NEVADA, INC.EIN 94-2924979Plan #001PY 2016

550 ITALY DR. - SPARKS, NV 89434775-331-3663fbnn.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.2M

No prior year

Total participants

112

No prior year

Average account balance

$21,294

No prior year

Annual return

-1.56%

No prior year

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

$2.87M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

118.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$415K

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

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3580

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 codes2F2G2L2M2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$345 / participant

Other / not subdivided$33K100.0%

% of EOY assets

2.856%

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

$21,294

$48,078-55.7%

$78,676-72.9%

$62,881-66.1%

Participation rate

41.2%

65.2%-24.0pp

73.6%-32.3pp

69.3%-28.1pp

Annual return

-1.56%

31.36%-32.9pp

62.19%-63.8pp

20.14%-21.7pp

Employer contribution / active EE

$814

$2,015-59.6%

$2,850-71.4%

$2,281-64.3%

Participant deferral / active EE

$1,026

$2,587-60.3%

$3,517-70.8%

$3,203-68.0%

Admin fee / account holder

$608

$3,206-81.0%

$4,510-86.5%

$4,296-85.8%

FOOD BANK OF NORTHERN NEVADA, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOOD BANK OF NORTHERN NEVADA, INC. 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