Retirement plan

THE SOLOMON R. GUGGENHEIM FOUNDATION 403(B) RETIREMENT PLAN

Name: THE SOLOMON R. GUGGENHEIM FOUNDATION - THE SOLOMON R. GUGGENHEIM FOUNDATION 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: THE SOLOMON R. GUGGENHEIM FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SOLOMON R. GUGGENHEIM FOUNDATION 403(B) RETIREMENT PLAN, THE SOLOMON R. GUGGENHEIM FOUNDATION

THE SOLOMON R. GUGGENHEIM FOUNDATIONEIN 13-5562233Plan #002PY 2023

1071 FIFTH AVENUE - NEW YORK, NY 10128212-423-3514

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$50.3M

+15.8% from 2022

Total participants

723

+5.1% from 2022

Average account balance

$93,378

+0.6% from 2022

Annual return

17.15%

+31.07 pp from 2022

Benchmarks

See 451 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort451 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.35M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

555

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.

70.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
PKF O'CONNOR DAVIES, LLP1 year Filed as: PKF O'CONNOR DAVIES LLP Service code 10 · EIN 27-1728945	Accounting	$48,700
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPTRUST Service code 16 · EIN 26-0058143	Consulting	$29,266
PROSKAUER ROSE LLP1 year Filed as: PROSKAUER Service code 29 · EIN 13-1840454	Legal	$7,411
TRANSAMERICA RETIREMENT SOLUTIONS9+ years Service code 12 · EIN 13-3689044	Participant loan processing; Claims p...	$7,156
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$110
CHARLES SCHWAB & CO., INC.9+ years Service code 33	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES9+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2G2L2M2R2T3H2F

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$102K

$206 / participant

Recordkeeping$7K7.0%
Investment mgmt$34K33.3%
Legal$7K7.3%
Other / not subdivided$53K52.3%

% of EOY assets

0.202%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES LLP
Auditor EIN: 271728945
Audit fees: $48,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,378

$53,344+75.0%

$121,204-23.0%

$74,460+25.4%

Participation rate

62.7%

60.0%+2.7pp

69.5%-6.9pp

70.7%-8.1pp

Annual return

17.15%

35.15%-18.0pp

987.18%-970.0pp

34.38%-17.2pp

Employer contribution / active EE

$1,577

$1,898-16.9%

$4,170-62.2%

$2,638-40.2%

Participant deferral / active EE

$3,513

$3,220+9.1%

$4,083-14.0%

$4,530-22.5%

Admin fee / account holder

$188

$382-50.7%

$5,651-96.7%

$348-45.8%

Provider

Service type

Compensation

PKF O'CONNOR DAVIES, LLP1 year

Filed as: PKF O'CONNOR DAVIES LLP

Service code 10 · EIN 27-1728945

Accounting

$48,700

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPTRUST

Service code 16 · EIN 26-0058143

Consulting

$29,266

PROSKAUER ROSE LLP1 year

Filed as: PROSKAUER

Service code 29 · EIN 13-1840454

Legal

$7,411

TRANSAMERICA RETIREMENT SOLUTIONS9+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Claims p...

$7,156

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$110

CHARLES SCHWAB & CO., INC.9+ years

Service code 33

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES9+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

THE SOLOMON R. GUGGENHEIM FOUNDATION 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SOLOMON R. GUGGENHEIM FOUNDATION 403(B) RETIREMENT 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