Retirement plan

TOLEDO ALLIANCE FOR THE PERFORMING ARTS RETIREMENT PLAN

Name: TOLEDO ORCHESTRA ASSOCIATION, INC. - TOLEDO ALLIANCE FOR THE PERFORMING ARTS RETIREMENT PLAN (2023) Form 5500
Creator: TOLEDO ORCHESTRA ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOLEDO ALLIANCE FOR THE PERFORMING ARTS RETIREMENT PLAN, TOLEDO ORCHESTRA ASSOCIATION, INC.

TOLEDO ORCHESTRA ASSOCIATION, INC.EIN 34-4005365Plan #001PY 2023

PO BOX 407 - TOLEDO, OH 43697419-418-0035

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9M

+10.9% from 2022

Total participants

-3.1% from 2022

Average account balance

$143,343

+10.9% from 2022

Annual return

9.92%

+23.73 pp from 2022

Benchmarks

See 3,103 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,103 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.73M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

116.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$393K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11675

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 codes2G2M2T3D

Plan features

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

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

$281K

$5399 / participant

Other / not subdivided$281K100.0%

% of EOY assets

3.109%

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

$143,343

$49,199+191.4%

$121,204+18.3%

$75,173+90.7%

Participation rate

100.0%

55.4%+44.6pp

69.5%+30.5pp

67.2%+32.8pp

Annual return

9.92%

56.04%-46.1pp

987.18%-977.3pp

160.72%-150.8pp

Employer contribution / active EE

$547

$1,547-64.7%

$4,170-86.9%

$2,671-79.5%

Participant deferral / active EE

$5,739

$2,630+118.2%

$4,083+40.6%

$4,126+39.1%

Admin fee / account holder

$4,456

$3,946+12.9%

$5,651-21.1%

TOLEDO ALLIANCE FOR THE PERFORMING ARTS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOLEDO ALLIANCE FOR THE PERFORMING ARTS RETIREMENT 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