Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR THE HENRY MORRISON FLAGLER MUSEUM

Name: THE HENRY MORRISON FLAGLER MUSEUM - SECTION 403(B) RETIREMENT PLAN FOR THE HENRY MORRISON FLAGLER MUSEUM (2017) Form 5500
Creator: THE HENRY MORRISON FLAGLER MUSEUM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR THE HENRY MORRISON FLAGLER MUSEUM, THE HENRY MORRISON FLAGLER MUSEUM

THE HENRY MORRISON FLAGLER MUSEUMEIN 13-0873838Plan #002PY 2017

ONE WHITE HALL WAY P O BOX 969 - PALM BEACH, FL 33480561-655-2833

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2M

+21.8% from 2016

Total participants

-5.7% from 2016

Average account balance

$50,953

+34.0% from 2016

Annual return

11.91%

+5.47 pp from 2016

Benchmarks

See 2,508 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,508 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.87M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$202K

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

+11.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3388

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 codes2F2G2L

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$103K

$2702 / participant

Other / not subdivided$103K100.0%

% of EOY assets

5.038%

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

$50,953

$46,877+8.7%

$122,354-58.4%

$70,126-27.3%

Participation rate

73.7%

58.2%+15.5pp

71.6%+2.0pp

69.5%+4.1pp

Annual return

11.91%

24.22%-12.3pp

30.28%-18.4pp

73.15%-61.2pp

Employer contribution / active EE

$2,880

$1,288+123.5%

$4,051-28.9%

$2,343+22.9%

Participant deferral / active EE

$4,169

$2,167+92.3%

$3,287+26.8%

$3,332+25.1%

Admin fee / account holder

$2,567

$3,324-22.8%

$5,479-53.1%

$4,645-44.7%

SECTION 403(B) RETIREMENT PLAN FOR THE HENRY MORRISON FLAGLER MUSEUM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR THE HENRY MORRISON FLAGLER MUSEUM

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