Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF OAKLAND BUSINESS IMPROVEMENT DISTRICT

Name: OAKLAND BUSINESS IMPROVEMENT D - 403(B) THRIFT PLAN FOR EMPLOYEES OF OAKLAND BUSINESS IMPROVEMENT DISTRICT (2024) Form 5500
Creator: OAKLAND BUSINESS IMPROVEMENT D
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF OAKLAND BUSINESS IMPROVEMENT DISTRICT, OAKLAND BUSINESS IMPROVEMENT D

OAKLAND BUSINESS IMPROVEMENT DEIN 25-1833743Plan #002PY 2024

218 OAKLAND AVENUE - PITTSBURGH, PA 15213412-527-8714oaklandpittsburgh.comLinkedIn1-10 employeescivic & social organization

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$520K

+23.7% from 2023

Total participants

0.0% from 2023

Average account balance

$173,468

-17.6% from 2023

Annual return

16.00%

-5.12 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$602K

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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 codes2G3D2J2E2T

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$97

$32 / participant

Other / not subdivided$97100.0%

% of EOY assets

0.019%

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

$173,468

$183,592-5.5%

$155,574+11.5%

$145,877+18.9%

Participation rate

66.7%

82.7%-16.0pp

78.2%-11.5pp

80.3%-13.6pp

Annual return

16.00%

61.37%-45.4pp

64.87%-48.9pp

551.28%-535.3pp

Employer contribution / active EE

$3,552

$5,317-33.2%

$4,676-24.0%

$4,663-23.8%

Participant deferral / active EE

$7,201

$6,466+11.4%

$5,629+27.9%

$6,691+7.6%

Admin fee / account holder

$32

$19,316-99.8%

$15,914-99.8%

$13,402-99.8%

403(B) THRIFT PLAN FOR EMPLOYEES OF OAKLAND BUSINESS IMPROVEMENT DISTRICT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF OAKLAND BUSINESS IMPROVEMENT DISTRICT

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