Retirement plan

MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY 403(B)PLAN

Name: MEMORIAL LIBRARY ASSOCIATION - MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY 403(B)PLAN (2025) Form 5500
Creator: MEMORIAL LIBRARY ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY 403(B)PLAN, MEMORIAL LIBRARY ASSOCIATION

MEMORIAL LIBRARY ASSOCIATIONEIN 05-0259005Plan #001PY 2025

44 BROAD STREET - WESTERLY, RI 02891401-596-2877LinkedIn11-50 employeesmotion pictures and film

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+19.6% from 2024

Total participants

+2.0% from 2024

Average account balance

$40,431

+41.0% from 2024

Annual return

12.30%

+1.58 pp from 2024

Benchmarks

See 1,662 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort1,662 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1224

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 codes2M3D2G2F2T

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$48K

$1165 / participant

Other / not subdivided$48K100.0%

% of EOY assets

3.028%

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

$40,431

$69,590-41.9%

$136,867-70.5%

$94,015-57.0%

Participation rate

70.7%

66.3%+4.4pp

74.5%-3.8pp

70.8%-0.1pp

Annual return

12.30%

19.62%-7.3pp

42.97%-30.7pp

17.84%-5.5pp

Employer contribution / active EE

$731

$2,396-69.5%

$3,547-79.4%

$2,790-73.8%

Participant deferral / active EE

$2,411

$3,437-29.8%

$4,924-51.0%

$4,249-43.3%

Admin fee / account holder

$1,224

$8,912-86.3%

$10,340-88.2%

$8,951-86.3%

MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY 403(B)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEMORIAL AND LIBRARY ASSOCIATION OF WESTERLY 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