Retirement plan

PATTEN FREE LIBRARY TAX DEFERRED ANNUITY PLAN

Name: PATTEN FREE LIBRARY - PATTEN FREE LIBRARY TAX DEFERRED ANNUITY PLAN (2022) Form 5500
Creator: PATTEN FREE LIBRARY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PATTEN FREE LIBRARY TAX DEFERRED ANNUITY PLAN, PATTEN FREE LIBRARY

PATTEN FREE LIBRARYEIN 01-0211539Plan #002PY 2022

33 SUMMER ST - BATH, ME 045302632207-443-5141LinkedIn11-50 employeeslibraries

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$829K

+11.5% from 2021

Total participants

-6.7% from 2021

Average account balance

$59,208

+19.4% from 2021

Annual return

12.52%

-3.52 pp from 2021

Benchmarks

See 6,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,929 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$945K

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.

177.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7925

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 codes2K

Plan features

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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$65K

$9215 / participant

Other / not subdivided$65K100.0%

% of EOY assets

7.782%

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

$59,208

$67,396-12.1%

$60,919-2.8%

$134,545-56.0%

Participation rate

100.0%

76.2%+23.8pp

73.1%+26.9pp

81.2%+18.8pp

Annual return

12.52%

50.12%-37.6pp

16.96%-4.4pp

418.37%-405.8pp

Employer contribution / active EE

$3,698

$3,101+19.3%

$2,704+36.8%

$4,742-22.0%

Participant deferral / active EE

$4,386

$4,534-3.3%

$3,814+15.0%

$6,401-31.5%

Admin fee / account holder

$4,608

$4,590+0.4%

$3,228+42.7%

$11,431-59.7%

PATTEN FREE LIBRARY TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PATTEN FREE LIBRARY TAX DEFERRED ANNUITY 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