Retirement plan

AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN

Name: BOARD OF TRUSTEES AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN - AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN, BOARD OF TRUSTEES AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN

BOARD OF TRUSTEES AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLANEIN 13-6161999Plan #002PY 2020

1818 E SOUTHERN AVE STE 20B - MESA, AZ 852045257480-219-2769

Other plans on this EIN

1 filing

#001Retirement-$60.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.7M

+12.3% from 2019

Total participants

0.0% from 2019

Average account balance

$62,538

+12.3% from 2019

Annual return

8.24%

-5.48 pp from 2019

Benchmarks

See 3,014 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,014 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.92M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

112

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
PROSKAUER ROSE LLP6+ years Service code 29 · EIN 13-1840454 ELEVEN TIMES SQUARE · NEW YORK, NY 10036	Legal	$11,326
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110 ONE PARK AVENUE · NEW YORK, NY 10016	Advisory (Plan)	$10,710
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 14	Plan Administrator	$9,857
THE SEGAL COMPANY1 year Filed as: SEGAL COMPANY Service code 17 · EIN 94-1503999	Pension Consulting	$9,037
BALDWIN & BALDWIN PLLC1 year Filed as: BALDWIN MOFFITT PLLC Service code 10 · EIN 46-4370753 PO BOX 60008 · PHOENIX, AZ 85008	Accounting	$7,800
AMERICAN FUNDS1 year Service code 52	Indirect Investment Fees	$0
CALVERT1 year Service code 52	Indirect Investment Fees	$0
INVESCO1 year Service code 52	Indirect Investment Fees	$0
PIMCO FUNDS1 year Service code 52	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2T2K2G2F2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$55K

$710 / participant

Investment mgmt$11K19.6%
Other / not subdivided$44K80.4%

% of EOY assets

0.961%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BALDWIN MOFFITT BEHM LLP
Auditor EIN: 464370753
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,538

$70,475-11.3%

$100,516-37.8%

$79,858-21.7%

Participation rate

96.1%

73.7%+22.4pp

79.4%+16.7pp

69.6%+26.5pp

Annual return

8.24%

21.90%-13.7pp

30.89%-22.7pp

31.71%-23.5pp

Employer contribution / active EE

$5,500

$2,165+154.1%

$3,418+60.9%

$2,471+122.6%

Participant deferral / active EE

$5,181-100.0%

$6,270-100.0%

$3,740-100.0%

Admin fee / account holder

$601

$4,478-86.6%

$8,081-92.6%

$5,306-88.7%

Provider

Service type

Compensation

PROSKAUER ROSE LLP6+ years

Service code 29 · EIN 13-1840454

ELEVEN TIMES SQUARE · NEW YORK, NY 10036

Legal

$11,326

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

ONE PARK AVENUE · NEW YORK, NY 10016

Advisory (Plan)

$10,710

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 14

Plan Administrator

$9,857

THE SEGAL COMPANY1 year

Filed as: SEGAL COMPANY

Service code 17 · EIN 94-1503999

Pension Consulting

$9,037

BALDWIN & BALDWIN PLLC1 year

Filed as: BALDWIN MOFFITT PLLC

Service code 10 · EIN 46-4370753

PO BOX 60008 · PHOENIX, AZ 85008

Accounting

$7,800

AMERICAN FUNDS1 year

Service code 52

Indirect Investment Fees

CALVERT1 year

Service code 52

Indirect Investment Fees

INVESCO1 year

Service code 52

Indirect Investment Fees

PIMCO FUNDS1 year

Service code 52

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52

Indirect Investment Fees

AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN RADIO ASSOCIATION INDIVIDUAL ACCOUNT 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