Retirement plan

AFSCME COUNCIL 13 SAVINGS PLAN

Name: AFSCME COUNCIL 13 - AFSCME COUNCIL 13 SAVINGS PLAN (2023) Form 5500
Creator: AFSCME COUNCIL 13
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFSCME COUNCIL 13 SAVINGS PLAN, AFSCME COUNCIL 13

AFSCME COUNCIL 13EIN 23-7250572Plan #002PY 2023

4031 EXECUTIVE PARK DRIVE - HARRISBURG, PA 171111599717-564-9312afscme13.orgLinkedIn51-200 employeescivic & social organization

Other plans on this EIN

1 filing

#003Retirement-$3.7M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.9M

+2.2% from 2022

Total participants

-22.6% from 2022

Average account balance

$134,054

+32.4% from 2022

Annual return

9.71%

+18.10 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.35M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

127.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$347K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+4.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43539

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$946K

$27828 / participant

Other / not subdivided$946K100.0%

% of EOY assets

16.041%

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

$134,054

$57,305+133.9%

$86,640+54.7%

$75,173+78.3%

Participation rate

88.2%

63.2%+25.0pp

71.7%+16.5pp

67.2%+21.0pp

Annual return

9.71%

2674.24%-2664.5pp

592.52%-582.8pp

160.72%-151.0pp

Employer contribution / active EE

$4,466

$2,316+92.8%

$3,024+47.7%

$2,671+67.2%

Participant deferral / active EE

$9,776

$3,320+194.5%

$4,438+120.3%

$4,126+136.9%

Admin fee / account holder

$21,503

$4,116+422.4%

$5,616+282.9%

$5,651+280.6%

AFSCME COUNCIL 13 SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFSCME COUNCIL 13 SAVINGS 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