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 (2023) 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 2023

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)

$3.4M

+20.3% from 2022

Total participants

+17.9% from 2022

Average account balance

$54,753

+0.9% from 2022

Annual return

12.76%

+23.66 pp from 2022

Benchmarks

See 3,103 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,103 peers

Snapshot2023

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

$86K

$1905 / participant

Other / not subdivided$86K100.0%

% of EOY assets

2.525%

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

$54,753

$49,199+11.3%

$121,204-54.8%

$75,173-27.2%

Participation rate

91.1%

55.4%+35.7pp

69.5%+21.6pp

67.2%+23.9pp

Annual return

12.76%

56.04%-43.3pp

987.18%-974.4pp

160.72%-148.0pp

Employer contribution / active EE

$3,525

$1,547+127.8%

$4,170-15.5%

$2,671+32.0%

Participant deferral / active EE

$3,122

$2,630+18.7%

$4,083-23.5%

$4,126-24.3%

Admin fee / account holder

$1,383

$3,946-65.0%

$5,651-75.5%

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