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 (2023) 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 2023

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$477K

+17.8% from 2022

Total participants

0.0% from 2022

Average account balance

$59,679

+32.6% from 2022

Annual return

12.26%

+24.91 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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 codes2G2L2M2T3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

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

$8K

$738 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.700%

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

$59,679

$96,691-38.3%

$86,656-31.1%

$139,487-57.2%

Participation rate

36.4%

74.4%-38.1pp

71.7%-35.3pp

80.3%-44.0pp

Annual return

12.26%

106.87%-94.6pp

593.09%-580.8pp

373.84%-361.6pp

Employer contribution / active EE

$930

$3,267-71.5%

$3,025-69.3%

$4,755-80.4%

Participant deferral / active EE

$1,860

$4,838-61.6%

$4,439-58.1%

$6,713-72.3%

Admin fee / account holder

$1,015

$6,414-84.2%

$5,619-81.9%

$11,407-91.1%

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