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. (2020) 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 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$176K

-1.6% from 2019

Total participants

+15.4% from 2019

Average account balance

$19,508

+31.1% from 2019

Annual return

11.86%

+0.22 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$44K

$4840 / participant

Other / not subdivided$44K100.0%

% of EOY assets

24.811%

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

$19,508

$81,696-76.1%

$70,494-72.3%

$158,982-87.7%

Participation rate

33.3%

77.7%-44.4pp

75.1%-41.7pp

82.0%-48.6pp

Annual return

11.86%

208.70%-196.8pp

109.16%-97.3pp

302.99%-291.1pp

Employer contribution / active EE

$1,075

$3,220-66.6%

$2,738-60.7%

$4,763-77.4%

Participant deferral / active EE

$1,075

$4,558-76.4%

$3,711-71.0%

$5,983-82.0%

Admin fee / account holder

$4,840

$6,200-21.9%

$3,848+25.8%

$11,252-57.0%

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