Retirement plan

THE COLLEGE OF PHYSICIANS OF PHILADELPHIA 403B TAX DEFERRED ANNUITY PLAN

Name: THE COLLEGE OF PHYSICIANS OF PHILADELPHIA - THE COLLEGE OF PHYSICIANS OF PHILADELPHIA 403B TAX DEFERRED ANNUITY PLAN (2019) Form 5500
Creator: THE COLLEGE OF PHYSICIANS OF PHILADELPHIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COLLEGE OF PHYSICIANS OF PHILADELPHIA 403B TAX DEFERRED ANNUITY PLAN, THE COLLEGE OF PHYSICIANS OF PHILADELPHIA

THE COLLEGE OF PHYSICIANS OF PHILADELPHIAEIN 23-1352670Plan #003PY 2019

19 S 22ND ST - PHILADELPHIA, PA 19103215-399-2337collegeofphysicians.orgLinkedIn11-50 employeesmuseums and institutions

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+11.0% from 2018

Total participants

+23.1% from 2018

Average account balance

$76,074

-8.3% from 2018

Annual return

5.82%

-2.75 pp from 2018

Benchmarks

See 2,672 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,672 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.92M

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.

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$403K

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

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2928

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 codes2F2G2L2T3D

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.
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

3 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$52K

$1343 / participant

Other / not subdivided$52K100.0%

% of EOY assets

1.497%

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

$76,074

$48,570+56.6%

$130,660-41.8%

$72,976+4.2%

Participation rate

94.9%

58.6%+36.3pp

71.7%+23.1pp

69.5%+25.4pp

Annual return

5.82%

38.63%-32.8pp

1709.29%-1703.5pp

81.02%-75.2pp

Employer contribution / active EE

$2,606

$1,334+95.3%

$4,092-36.3%

$2,440+6.8%

Participant deferral / active EE

$2,893

$2,384+21.4%

$3,603-19.7%

$3,608-19.8%

Admin fee / account holder

$1,139

$3,549-67.9%

$5,463-79.2%

$5,124-77.8%

THE COLLEGE OF PHYSICIANS OF PHILADELPHIA 403B TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COLLEGE OF PHYSICIANS OF PHILADELPHIA 403B TAX DEFERRED ANNUITY 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