Retirement plan

THE BUTLER INSTITUTE OF AMERIC 401(K) PROFIT SHARING PLAN & TRUST

Name: THE BUTLER INSTITUTE OF AMERIC - THE BUTLER INSTITUTE OF AMERIC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: THE BUTLER INSTITUTE OF AMERIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BUTLER INSTITUTE OF AMERIC 401(K) PROFIT SHARING PLAN & TRUST, THE BUTLER INSTITUTE OF AMERIC

THE BUTLER INSTITUTE OF AMERICEIN 34-0748495Plan #001PY 2024

524 WICK AVE - YOUNGSTOWN, OH 445021213234-228-8514butlerart.comLinkedIn11-50 employeesmuseums and institutions

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$957K

-16.1% from 2023

Total participants

0.0% from 2023

Average account balance

$38,267

-19.5% from 2023

Annual return

10.70%

-3.07 pp from 2023

Benchmarks

See 3,320 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,320 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$957K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

78.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17290

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

$432K

$13507 / participant

Other / not subdivided$432K100.0%

% of EOY assets

45.181%

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

$38,267

$51,631-25.9%

$129,397-70.4%

$80,925-52.7%

Participation rate

71.9%

56.9%+14.9pp

69.6%+2.3pp

67.7%+4.2pp

Annual return

10.70%

20.77%-10.1pp

9453.98%-9443.3pp

35.65%-25.0pp

Employer contribution / active EE

$2,369

$1,583+49.7%

$4,154-43.0%

$2,756-14.0%

Participant deferral / active EE

$1,264

$2,670-52.7%

$4,167-69.7%

$4,299-70.6%

Admin fee / account holder

$17,290

$4,309+301.2%

$7,679+125.2%

$6,940+149.1%

THE BUTLER INSTITUTE OF AMERIC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BUTLER INSTITUTE OF AMERIC 401(K) PROFIT SHARING PLAN & TRUST

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