Retirement plan

VIRGINIA CENTER FOR THE CREATIVE ARTS EMPLOYEES RETIREMENT PLAN

Name: VIRGINIA CENTER FOR THE CREATIVE - VIRGINIA CENTER FOR THE CREATIVE ARTS EMPLOYEES RETIREMENT PLAN (2018) Form 5500
Creator: VIRGINIA CENTER FOR THE CREATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA CENTER FOR THE CREATIVE ARTS EMPLOYEES RETIREMENT PLAN, VIRGINIA CENTER FOR THE CREATIVE

VIRGINIA CENTER FOR THE CREATIVEEIN 23-7136000Plan #001PY 2018

154 SAN ANGELO DRIVE - AMHERST, VA 24521434-946-7236LinkedIn11-50 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$494K

+3.5% from 2017

Total participants

-3.8% from 2017

Average account balance

$22,463

+22.3% from 2017

Annual return

6.01%

-4.85 pp from 2017

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$207K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+5.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64794

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 codes2G2L2M2T2J

Plan features

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.
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.
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.

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

$3408 / participant

Other / not subdivided$55K100.0%

% of EOY assets

11.035%

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

$22,463

$90,607-75.2%

$79,467-71.7%

$135,380-83.4%

Participation rate

81.3%

76.0%+5.2pp

73.3%+7.9pp

82.6%-1.4pp

Annual return

6.01%

977.74%-971.7pp

718.30%-712.3pp

519.81%-513.8pp

Employer contribution / active EE

$1,609

$3,068-47.5%

$2,800-42.5%

$4,779-66.3%

Participant deferral / active EE

$1,030

$4,050-74.6%

$3,704-72.2%

$5,609-81.6%

Admin fee / account holder

$2,479

$5,895-57.9%

$5,104-51.4%

$10,828-77.1%

VIRGINIA CENTER FOR THE CREATIVE ARTS EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA CENTER FOR THE CREATIVE ARTS EMPLOYEES 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