Retirement plan

FRANK NEWHALL LOOK MEMORIAL PARK 403(B) PLAN

Name: FRANK NEWHALL LOOK MEMORIAL PARK - FRANK NEWHALL LOOK MEMORIAL PARK 403(B) PLAN (2024) Form 5500
Creator: FRANK NEWHALL LOOK MEMORIAL PARK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANK NEWHALL LOOK MEMORIAL PARK 403(B) PLAN, FRANK NEWHALL LOOK MEMORIAL PARK

FRANK NEWHALL LOOK MEMORIAL PARKEIN 04-3580572Plan #001PY 2024

300 NORTH MAIN ST - FLORENCE, MA 01062413-584-5457

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$590K

-4.5% from 2023

Total participants

-8.3% from 2023

Average account balance

$65,568

-15.1% from 2023

Annual return

8.66%

-2.82 pp from 2023

Benchmarks

See 10,234 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort10,234 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$590K

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15128

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 codes2F2G2L3D

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.
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

$136K

$13615 / participant

Other / not subdivided$136K100.0%

% of EOY assets

23.072%

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

$65,568

$169,361-61.3%

$129,397-49.3%

$145,877-55.1%

Participation rate

80.0%

76.5%+3.5pp

69.6%+10.4pp

80.3%-0.3pp

Annual return

8.66%

14395.54%-14386.9pp

9453.98%-9445.3pp

551.28%-542.6pp

Employer contribution / active EE

$4,407

$5,542-20.5%

$4,154+6.1%

$4,663-5.5%

Participant deferral / active EE

$798

$4,987-84.0%

$4,167-80.9%

$6,691-88.1%

Admin fee / account holder

$15,128

$9,903+52.8%

$7,679+97.0%

$13,402+12.9%

FRANK NEWHALL LOOK MEMORIAL PARK 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANK NEWHALL LOOK MEMORIAL PARK 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