Retirement plan

OCEAN PINES VOLUNTEER FIRE DEPARTMENT, INC. 403B PLAN

Name: OCEAN PINES VOLUNTEER FIRE FIRE DEPARTMENT, INC. - OCEAN PINES VOLUNTEER FIRE DEPARTMENT, INC. 403B PLAN (2021) Form 5500
Creator: OCEAN PINES VOLUNTEER FIRE FIRE DEPARTMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN PINES VOLUNTEER FIRE DEPARTMENT, INC. 403B PLAN, OCEAN PINES VOLUNTEER FIRE FIRE DEPARTMENT, INC.

OCEAN PINES VOLUNTEER FIRE FIRE DEPARTMENT, INC.EIN 23-7405884Plan #001PY 2021

911 OCEAN PARKWAY - OCEAN PINES, MD 21811410-641-8272opvfd.comLinkedIn11-50 employeespublic safety

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.3M

+48.2% from 2020

Total participants

-12.5% from 2020

Average account balance

$162,991

+69.4% from 2020

Annual return

36.65%

+41.28 pp from 2020

Benchmarks

See 359 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort359 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.72M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1K

$79 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.045%

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

$162,991

$84,149+93.7%

$76,080+114.2%

$167,536-2.7%

Participation rate

100.0%

84.9%+15.1pp

79.4%+20.6pp

82.1%+17.9pp

Annual return

36.65%

54.99%-18.3pp

42.50%-5.9pp

478.82%-442.2pp

Employer contribution / active EE

$5,986

$4,618+29.6%

$3,962+51.1%

$4,839+23.7%

Participant deferral / active EE

$7,743

$5,796+33.6%

$4,905+57.9%

$6,342+22.1%

Admin fee / account holder

$73

$6,410-98.9%

$4,883-98.5%

$12,315-99.4%

OCEAN PINES VOLUNTEER FIRE DEPARTMENT, INC. 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN PINES VOLUNTEER FIRE DEPARTMENT, INC. 403B 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