Retirement plan

THE CENTER FOR ART IN WOOD 403(B) RETIREMENT PLAN

Name: THE CENTER FOR ART IN WOOD, INC. - THE CENTER FOR ART IN WOOD 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: THE CENTER FOR ART IN WOOD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CENTER FOR ART IN WOOD 403(B) RETIREMENT PLAN, THE CENTER FOR ART IN WOOD, INC.

THE CENTER FOR ART IN WOOD, INC.EIN 22-2806780Plan #001PY 2023

141 N 3RD ST - PHILADELPHIA, PA 19106215-923-8000LinkedIn1-10 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$124K

+89.6% from 2022

Total participants

+42.9% from 2022

Average account balance

$17,669

+62.5% from 2022

Annual return

23.27%

+45.47 pp from 2022

Benchmarks

See 9,621 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,621 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$187K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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 codes2M3D2G2F2T2L

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$631

$90 / participant

Other / not subdivided$631100.0%

% of EOY assets

0.510%

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

$17,669

$110,303-84.0%

$95,759-81.5%

$139,487-87.3%

Participation rate

57.1%

75.7%-18.6pp

72.3%-15.1pp

80.3%-23.2pp

Annual return

23.27%

27.19%-3.9pp

28.42%-5.1pp

373.84%-350.6pp

Employer contribution / active EE

$1,185

$3,261-63.7%

$2,836-58.2%

$4,755-75.1%

Participant deferral / active EE

$5,083

$4,674+8.8%

$4,244+19.8%

$6,713-24.3%

Admin fee / account holder

$90

$6,615-98.6%

$5,678-98.4%

$11,407-99.2%

THE CENTER FOR ART IN WOOD 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CENTER FOR ART IN WOOD 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