Retirement plan

AGMA 401(K) PROFIT SHARING PLAN

Name: AMERICAN GUILD OF MUSICAL ARTISTS, INC. - AGMA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: AMERICAN GUILD OF MUSICAL ARTISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGMA 401(K) PROFIT SHARING PLAN, AMERICAN GUILD OF MUSICAL ARTISTS, INC.

AMERICAN GUILD OF MUSICAL ARTISTS, INC.EIN 13-0431720Plan #002PY 2024

305 7TH AVENUE, 2ND FLOOR - NEW YORK, NY 10001212-265-3687musicalartists.orgLinkedIn11-50 employeesperforming arts

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.9M

+24.5% from 2023

Total participants

+17.1% from 2023

Average account balance

$154,419

+14.7% from 2023

Annual return

15.21%

-0.93 pp from 2023

Benchmarks

See 10,646 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,646 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.87M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$511K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2661

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

$101K

$3611 / participant

Other / not subdivided$101K100.0%

% of EOY assets

1.723%

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

$154,419

$58,311+164.8%

$81,882+88.6%

$80,959+90.7%

Participation rate

89.3%

63.5%+25.8pp

72.4%+16.9pp

67.7%+21.6pp

Annual return

15.21%

41.85%-26.6pp

779.47%-764.3pp

35.67%-20.5pp

Employer contribution / active EE

$7,740

$2,347+229.8%

$2,916+165.4%

$2,757+180.7%

Participant deferral / active EE

$10,503

$3,287+219.5%

$4,323+142.9%

$4,300+144.2%

Admin fee / account holder

$2,661

$4,752-44.0%

$7,360-63.8%

$6,925-61.6%

AGMA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGMA 401(K) PROFIT SHARING 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