Retirement plan

EMPLOYEE BENEFIT PLAN OF PHI BETA SIGMA FRATERNITY, INC.

Name: PHI BETA SIGMA FRATERNITY, INC. - EMPLOYEE BENEFIT PLAN OF PHI BETA SIGMA FRATERNITY, INC. (2019) Form 5500
Creator: PHI BETA SIGMA FRATERNITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF PHI BETA SIGMA FRATERNITY, INC., PHI BETA SIGMA FRATERNITY, INC.

PHI BETA SIGMA FRATERNITY, INC.EIN 11-1709989Plan #001PY 2019

145 KENNEDY ST NW - WASHINGTON, DC 200115260202-726-5434phibetasigma1914.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$178K

-5.3% from 2018

Total participants

0.0% from 2018

Average account balance

$14,875

+2.6% from 2018

Annual return

11.64%

+17.27 pp from 2018

Benchmarks

See 6,052 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,052 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$290K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3859

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 codes2F2G2T3D

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.
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

$63K

$7904 / participant

Other / not subdivided$63K100.0%

% of EOY assets

35.425%

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

$14,875

$77,416-80.8%

$69,464-78.6%

$152,897-90.3%

Participation rate

87.5%

78.1%+9.4pp

74.6%+12.9pp

82.5%+5.0pp

Annual return

11.64%

39.08%-27.4pp

28.98%-17.3pp

345.43%-333.8pp

Employer contribution / active EE

$1,701

$3,315-48.7%

$2,779-38.8%

$4,764-64.3%

Participant deferral / active EE

$1,730

$4,413-60.8%

$3,536-51.1%

$5,851-70.4%

Admin fee / account holder

$5,269

$6,208-15.1%

$3,840+37.2%

$11,599-54.6%

EMPLOYEE BENEFIT PLAN OF PHI BETA SIGMA FRATERNITY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF PHI BETA SIGMA FRATERNITY, INC.

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