Retirement plan

SMALL BUSINESS MAJORITY FOUNDATION, INC. 403(B) RETIREMENT PLAN

Name: SMALL BUSINESS MAJORITY FOUNDATION, INC. - SMALL BUSINESS MAJORITY FOUNDATION, INC. 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: SMALL BUSINESS MAJORITY FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMALL BUSINESS MAJORITY FOUNDATION, INC. 403(B) RETIREMENT PLAN, SMALL BUSINESS MAJORITY FOUNDATION, INC.

SMALL BUSINESS MAJORITY FOUNDATION, INC.EIN 03-0576666Plan #001PY 2024

1015 15TH ST NW STE 450 - WASHINGTON, DC 200052609415-887-9951smallbusinessmajority.orgLinkedIn11-50 employeesgovernment relations

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+30.8% from 2023

Total participants

+2.8% from 2023

Average account balance

$65,243

+18.5% from 2023

Annual return

15.38%

-3.52 pp from 2023

Benchmarks

See 10,668 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,668 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.09M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$317K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2568

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 codes2F2G2L2M2T3D

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.
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

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

$82K

$2568 / participant

Other / not subdivided$82K100.0%

% of EOY assets

3.935%

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

$65,243

$58,258+12.0%

$81,820-20.3%

$80,925-19.4%

Participation rate

84.4%

63.5%+20.9pp

72.4%+12.0pp

67.7%+16.7pp

Annual return

15.38%

41.76%-26.4pp

777.93%-762.5pp

35.65%-20.3pp

Employer contribution / active EE

$1,465

$2,345-37.5%

$2,915-49.8%

$2,756-46.9%

Participant deferral / active EE

$8,455

$3,284+157.5%

$4,323+95.6%

$4,299+96.7%

Admin fee / account holder

$2,568

$4,976-48.4%

$7,391-65.3%

$6,940-63.0%

SMALL BUSINESS MAJORITY FOUNDATION, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMALL BUSINESS MAJORITY FOUNDATION, INC. 403(B) RETIREMENT 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