Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF NATIONAL MUSEUM OF RACING & HALL OF FAME

Name: NATIONAL MUSEUM OF RACING & HA - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF NATIONAL MUSEUM OF RACING & HALL OF FAME (2023) Form 5500
Creator: NATIONAL MUSEUM OF RACING & HA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF NATIONAL MUSEUM OF RACING & HALL OF FAME, NATIONAL MUSEUM OF RACING & HA

NATIONAL MUSEUM OF RACING & HAEIN 14-1421321Plan #004PY 2023

191 UNION AVE - SARATOGA SPRINGS, NY 128663513518-584-0400

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+14.3% from 2022

Total participants

+8.0% from 2022

Average account balance

$49,553

+5.5% from 2022

Annual return

19.19%

+37.82 pp from 2022

Benchmarks

See 9,757 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort9,757 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.89M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

235.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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 codes2G2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$139K

$9893 / participant

Other / not subdivided$139K100.0%

% of EOY assets

10.750%

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

$49,553

$156,927-68.4%

$121,169-59.1%

$139,456-64.5%

Participation rate

92.9%

76.4%+16.4pp

69.5%+23.3pp

80.3%+12.5pp

Annual return

19.19%

1475.85%-1456.7pp

986.71%-967.5pp

373.45%-354.3pp

Employer contribution / active EE

$4,275

$5,542-22.9%

$4,168+2.6%

$4,753-10.1%

Participant deferral / active EE

$1,664

$4,848-65.7%

$4,083-59.2%

$6,711-75.2%

Admin fee / account holder

$5,327

$6,946-23.3%

$5,645-5.6%

$11,407-53.3%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF NATIONAL MUSEUM OF RACING & HALL OF FAME

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF NATIONAL MUSEUM OF RACING & HALL OF FAME

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