Retirement plan

THE BUTLER INSTITUTE OF AMERICAN ART EMPLOYEES' DEFINED CONTRIBUTION PLAN

Name: THE BUTLER INSTITUTE OF AMERICAN ART - THE BUTLER INSTITUTE OF AMERICAN ART EMPLOYEES' DEFINED CONTRIBUTION PLAN (2017) Form 5500
Creator: THE BUTLER INSTITUTE OF AMERICAN ART
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BUTLER INSTITUTE OF AMERICAN ART EMPLOYEES' DEFINED CONTRIBUTION PLAN, THE BUTLER INSTITUTE OF AMERICAN ART

THE BUTLER INSTITUTE OF AMERICAN ARTEIN 34-0748495Plan #001PY 2017

524 WICK AVENUE - YOUNGSTOWN, OH 44503330-743-1107butlerart.comLinkedIn11-50 employeesmuseums and institutions

Prospect flagsLow returnsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$900K

+11.0% from 2016

Total participants

+3.3% from 2016

Average account balance

$35,995

-2.3% from 2016

Annual return

11.12%

+5.35 pp from 2016

Benchmarks

See 2,508 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,508 peers

Snapshot2017

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 codes2C2E2G2J2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
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

$73K

$2604 / participant

Other / not subdivided$73K100.0%

% of EOY assets

8.102%

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

$35,995

$46,877-23.2%

$122,354-70.6%

$70,126-48.7%

Participation rate

78.6%

58.2%+20.4pp

71.6%+6.9pp

69.5%+9.0pp

Annual return

11.12%

24.22%-13.1pp

30.28%-19.2pp

73.15%-62.0pp

Employer contribution / active EE

$1,787

$1,288+38.7%

$4,051-55.9%

$2,343-23.7%

Participant deferral / active EE

$633

$2,167-70.8%

$3,287-80.7%

$3,332-81.0%

Admin fee / account holder

$2,916

$3,324-12.3%

$5,479-46.8%

$4,645-37.2%

THE BUTLER INSTITUTE OF AMERICAN ART EMPLOYEES' DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BUTLER INSTITUTE OF AMERICAN ART EMPLOYEES' DEFINED CONTRIBUTION 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