Retirement plan

WOLF TRAP FOUNDATION 403(B) PLAN

Name: WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS - WOLF TRAP FOUNDATION 403(B) PLAN (2021) Form 5500
Creator: WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOLF TRAP FOUNDATION 403(B) PLAN, WOLF TRAP FOUNDATION FOR THE PERFORMING ARTS

WOLF TRAP FOUNDATION FOR THE PERFORMING ARTSEIN 23-7011544Plan #001PY 2021

1645 TRAP RD - VIENNA, VA 22182703-255-1850wolftrap.orgLinkedIn51-200 employeesperforming arts

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.9M

+12.6% from 2020

Total participants

139

+3.7% from 2020

Average account balance

$148,452

+12.6% from 2020

Annual return

14.91%

-5.22 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.90M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

140

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.

56.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$459

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 4340 REDWOOD HWY, STE B-60 · SAN RAFAEL, CA 949032121	Advisory (Plan)	$39,341
CPI QUALIFIED PLAN CONSULTANTS, INC3 years Service code 15 · EIN 48-1205033	Recordkeeping	$16,100

Plan features & details

Pension benefit codes2F2G2M2T3D

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.
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

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

$55K

$523 / participant

Investment mgmt$39K71.0%
Contract admin$16K29.0%

% of EOY assets

0.294%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,452

$63,768+132.8%

$98,483+50.7%

$79,391+87.0%

Participation rate

88.7%

69.9%+18.8pp

73.3%+15.3pp

70.7%+18.0pp

Annual return

14.91%

626.18%-611.3pp

1494.38%-1479.5pp

116.88%-102.0pp

Employer contribution / active EE

$2,813

$2,558+10.0%

$2,961-5.0%

$2,428+15.9%

Participant deferral / active EE

$5,643

$3,305+70.7%

$4,276+32.0%

$4,046+39.5%

Admin fee / account holder

$437

$516-15.4%

$5,953-92.7%

$627-30.3%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 27

4340 REDWOOD HWY, STE B-60 · SAN RAFAEL, CA 949032121

Advisory (Plan)

$39,341

CPI QUALIFIED PLAN CONSULTANTS, INC3 years

Service code 15 · EIN 48-1205033

Recordkeeping

$16,100

WOLF TRAP FOUNDATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOLF TRAP FOUNDATION 403(B) 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