Retirement plan

THE HENRY LUCE FOUNDATION, INC. RETIREMENT PLAN

Name: THE HENRY LUCE FOUNDATION, INC. - THE HENRY LUCE FOUNDATION, INC. RETIREMENT PLAN (2016) Form 5500
Creator: THE HENRY LUCE FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HENRY LUCE FOUNDATION, INC. RETIREMENT PLAN, THE HENRY LUCE FOUNDATION, INC.

THE HENRY LUCE FOUNDATION, INC.EIN 13-6001282Plan #001PY 2016

51 MADISON AVE, 30TH FL - NEW YORK, NY 10010212-489-7700hluce.orgLinkedIn11-50 employeesphilanthropy

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed February 7, 2024

Plan administrator

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41 Madison Avenue, 27th Floor

New York City, NY 10010

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Plans declared (1)

The Henry Luce Foundation, Inc. 457(b) Plan1 emp

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Total assets (EOY)

$10.2M

-11.3% from 2015

Total participants

-12.8% from 2015

Average account balance

$299,424

+1.7% from 2015

Annual return

6.25%

+5.72 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.60M

Not enough data

1 years with asset history on file

Average account balance

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

$355K

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.

183.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$903K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+13.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51371

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

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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 codes2G2L2M2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.7M

$134129 / participant

Other / not subdivided$3M100.0%

% of EOY assets

26.350%

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

$299,424

$90,486+230.9%

$78,676+280.6%

$273,972+9.3%

Participation rate

100.0%

76.5%+23.5pp

73.6%+26.4pp

83.0%+17.0pp

Annual return

6.25%

75.62%-69.4pp

62.19%-55.9pp

41.46%-35.2pp

Employer contribution / active EE

$20,856

$3,175+556.9%

$2,850+631.8%

$4,869+328.4%

Participant deferral / active EE

$12,171

$3,901+212.0%

$3,517+246.1%

$5,287+130.2%

Admin fee / account holder

$78,900

$5,263+1399.1%

$4,510+1649.4%

$10,133+678.7%

THE HENRY LUCE FOUNDATION, INC. RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HENRY LUCE FOUNDATION, INC. RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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