Retirement plan

THE HERITAGE FOUNDATION RETIREMENT PLAN

Name: THE HERITAGE FOUNDATION - THE HERITAGE FOUNDATION RETIREMENT PLAN (2023) Form 5500
Creator: THE HERITAGE FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HERITAGE FOUNDATION RETIREMENT PLAN, THE HERITAGE FOUNDATION

THE HERITAGE FOUNDATIONEIN 23-7327730Plan #001PY 2023

214 MASSACHUSETTS AVENUE NE - WASHINGTON, DC 20002202-546-4400heritage.orgLinkedIn201-500 employeesthink tanks

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed August 23, 2024

Plan administrator

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214 Massachusetts Ave NE

Washington, DC 20002

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Plans declared (1)

The Heritage Foundation 457(b) Plan44 emp

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Total assets (EOY)

$33.6M

+8.8% from 2022

Total participants

549

+7.9% from 2022

Average account balance

$62,109

+0.3% from 2022

Annual return

16.60%

+31.02 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.13M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

598

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS9+ years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$36,106

Plan features & details

Pension benefit codes2A2E2F2G3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$36K

$131 / participant

Contract admin$36K100.0%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SNYDER COHN, PC
Auditor EIN: 521022232
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,109

$95,417-34.9%

$135,974-54.3%

$74,460-16.6%

Participation rate

97.1%

78.2%+18.9pp

81.9%+15.2pp

70.7%+26.3pp

Annual return

16.60%

32.76%-16.2pp

68.30%-51.7pp

34.38%-17.8pp

Employer contribution / active EE

$10,484

$3,878+170.4%

$4,859+115.8%

$2,638+297.4%

Participant deferral / active EE

$7,789-100.0%

$7,760-100.0%

$4,530-100.0%

Admin fee / account holder

$67

$266-74.9%

$10,767-99.4%

$348-80.8%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS9+ years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$36,106

THE HERITAGE FOUNDATION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HERITAGE FOUNDATION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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