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 (2024) 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 2024

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)

$2.7M

+27.2% from 2023

Total participants

-4.5% from 2023

Average account balance

$143,203

+13.8% from 2023

Annual return

16.51%

-3.88 pp from 2023

Benchmarks

See 480 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort480 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.06M

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$230K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15793

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

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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

$460

$23 / participant

Other / not subdivided$460100.0%

% of EOY assets

0.017%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,203

$85,006+68.5%

$76,190+88.0%

$145,922-1.9%

Participation rate

90.0%

82.9%+7.1pp

79.3%+10.7pp

80.3%+9.7pp

Annual return

16.51%

13.11%+3.4pp

13.78%+2.7pp

561.29%-544.8pp

Employer contribution / active EE

$5,689

$5,265+8.1%

$4,578+24.3%

$4,660+22.1%

Participant deferral / active EE

$5,720

$6,392-10.5%

$5,474+4.5%

$6,688-14.5%

Admin fee / account holder

$24

$5,760-99.6%

$5,123-99.5%

$13,397-99.8%

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