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Retirement plan

NFL PLAYER SECOND CAREER SAVINGS PLAN

SAVINGS BOARD OF THE NFL PLAYER SECOND CAREER SAVINGS PLANEIN 52-1852902Plan #001PY 2021
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200 ST. PAUL STREET, SUITE 2420 - BALTIMORE, MD 21202800-638-3186LinkedIn5001-10000 employeessports
Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
SAM MCCULLUM
Signed 12/27/2021
(800) 638-3186
Plan administrator signer
KATHERINE BLACKBURN
Signed 12/21/2021
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Summary metrics

Total assets (EOY)
$3272.2M
-13.4% from 2017
Total participants
10,294
-4.3% from 2017
Average account balance
$319,640
-9.5% from 2017
Annual return
51.08%
-16.33 pp from 2017

Benchmarks

See 118 peers
Peer group
Industry71 - Arts, Entertainment, and Recreation
Plan typeDefined contribution
Participants1,000-4,999
Cohort118 peers
Snapshot2021
Participant deferral / active EE
$18,340
median $2,290
Employer contribution / active EE
$1,389
median $805
Participation rate
97.9%
median 69.1%
Avg account balance
$319,640
median $47,255
Admin fee / account holder
$382
median $92
Annual return
51.08%
median 14.81%
Overall peer rank
75th percentileavg across 6 metrics

Analytics

2016 - 2025
Total assets (EOY)
Plan-year ending balance
$4.08B
Average account balance
Total assets / participants with a balance (line 6g)
$353K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
11,584
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.4%
Contributions (total)
Employer and participant dollars contributed each year
$137.46M
Contributions per participant
Average employer and participant contribution per enrolled participant
$49K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.81%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$397
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 13 by compensation
ProviderService typeCompensation
ALIGHT HOLDING COMPANY, LLC1 year
Service code 15 · EIN 82-1061233
Recordkeeping
$969,354
B BELL/P ROZELLE NFL PLAYER RET PL6+ years
Service code 49 · EIN 13-6043636
Other Services
$671,738
AON6+ years
Service code 11 · EIN 22-2232264
Actuarial
$635,715
PFM ASSET MANAGEMENT, LLC3 years
Service code 27 · EIN 23-3087064
Advisory (Plan)
$565,259
GROOM LAW GROUP6+ years
Service code 29 · EIN 52-1219029
Legal
$350,353
THE BANK OF NEW YORK MELLON6+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$348,471
RR DONNELLEY RECEIVABLES, INC.6+ years
Service code 36 · EIN 52-2125127
Direct payment from the plan; Copying...
$215,648
CLOUDBERRY CREATIVE, INC.4 years
Service code 38 · EIN 27-1271032
Participant Communication
$39,300
RDA CORPORATION4 years
Service code 49 · EIN 51-0307421
Other Services
$30,250
ABRAMS, FOSTER, NOLE & WILLIAMS, PA6+ years
Service code 10 · EIN 52-1854049
Accounting
$28,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 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

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$3.9M
$1409 / participant
  • Investment mgmt$588K15.0%
  • Other / not subdivided$3M85.0%
% of EOY assets
0.119%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ABRAMS,FOSTER,NOLE & WILLIAMS, PA
Auditor EIN
521854049
Audit fees
(not subdivided)
Opinion code
Unqualified