Retirement plan

FOUNDATION FOR CULTURAL REVIEW, INC. 401(K) PROFIT SHARING PLAN

Name: FOUNDATION FOR CULTURAL REVIEW, INC. - FOUNDATION FOR CULTURAL REVIEW, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FOUNDATION FOR CULTURAL REVIEW, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUNDATION FOR CULTURAL REVIEW, INC. 401(K) PROFIT SHARING PLAN, FOUNDATION FOR CULTURAL REVIEW, INC.

FOUNDATION FOR CULTURAL REVIEW, INC.EIN 13-3108424Plan #003PY 2024

900 BROADWAY STE 602 - NEW YORK, NY 100031237212-247-6980

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+22.4% from 2023

Total participants

0.0% from 2023

Average account balance

$266,212

+22.4% from 2023

Annual return

15.52%

-2.85 pp from 2023

Benchmarks

See 8,036 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,036 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.73M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+15.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$266,212

$72,426+267.6%

$67,560+294.0%

$145,897+82.5%

Participation rate

100.0%

76.9%+23.1pp

72.9%+27.1pp

80.3%+19.7pp

Annual return

15.52%

7226.78%-7211.3pp

3533.50%-3518.0pp

552.29%-536.8pp

Employer contribution / active EE

$21,292

$3,074+592.6%

$2,737+678.0%

$4,663+356.7%

Participant deferral / active EE

$8,739

$4,785+82.6%

$4,004+118.2%

$6,689+30.6%

Admin fee / account holder

$5,514-100.0%

$3,994-100.0%

$13,390-100.0%

FOUNDATION FOR CULTURAL REVIEW, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FOUNDATION FOR CULTURAL REVIEW, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion