Retirement plan

FOUNDATION FOR MINORITY INTERESTS IN MEDIA 401(K) PROFIT SHARING PLAN

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

FOUNDATION FOR MINORITY INTERESTS IN MEDIAEIN 22-2635292Plan #001PY 2024

282 KATONAH AVENUE, UNIT #1091 - KATONAH, NY 10536917-626-7488

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

+14.7% from 2023

Total participants

+5.9% from 2023

Average account balance

$164,659

+8.3% from 2023

Annual return

10.76%

-2.44 pp from 2023

Benchmarks

See 50,062 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,062 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.96M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+10.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2458

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 codes2E2F2J2T3D

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).
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.
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

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

$44K

$4917 / participant

Other / not subdivided$44K100.0%

% of EOY assets

1.493%

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

$164,659

$88,702+85.6%

$81,780+101.3%

$145,978+12.8%

Participation rate

100.0%

75.0%+25.0pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

10.76%

1029.12%-1018.4pp

776.27%-765.5pp

550.52%-539.8pp

Employer contribution / active EE

$8,064

$3,084+161.5%

$2,914+176.8%

$4,662+73.0%

Participant deferral / active EE

$8,082

$4,645+74.0%

$4,321+87.0%

$6,690+20.8%

Admin fee / account holder

$2,458

$8,414-70.8%

$7,384-66.7%

$13,400-81.7%

FOUNDATION FOR MINORITY INTERESTS IN MEDIA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUNDATION FOR MINORITY INTERESTS IN MEDIA 401(K) PROFIT SHARING 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