Retirement plan

TOLEDO REGIONAL CHAMBER OF COMMERCE 401(K) SAVINGS PLAN

Name: TOLEDO REGIONAL CHAMBER OF COMMERCE - TOLEDO REGIONAL CHAMBER OF COMMERCE 401(K) SAVINGS PLAN (2022) Form 5500
Creator: TOLEDO REGIONAL CHAMBER OF COMMERCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOLEDO REGIONAL CHAMBER OF COMMERCE 401(K) SAVINGS PLAN, TOLEDO REGIONAL CHAMBER OF COMMERCE

TOLEDO REGIONAL CHAMBER OF COMMERCEEIN 34-4374780Plan #003PY 2022

300 MADISON AVE.,, ENTERPRISE SUITE 200 - TOLEDO, OH 436041575419-243-8191toledochamber.comLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

-15.0% from 2021

Total participants

-3.2% from 2021

Average account balance

$111,743

-21.6% from 2021

Annual return

-19.21%

-30.32 pp from 2021

Benchmarks

See 39,290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,290 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.02M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

131.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1708

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 codes2E2F2G2J3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$34K

$1637 / participant

Other / not subdivided$34K100.0%

% of EOY assets

1.183%

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

$111,743

$92,743+20.5%

$82,744+35.0%

$134,532-16.9%

Participation rate

81.0%

75.2%+5.8pp

72.6%+8.4pp

81.2%-0.3pp

Annual return

-19.21%

946.63%-965.8pp

702.22%-721.4pp

418.27%-437.5pp

Employer contribution / active EE

$3,742

$3,273+14.3%

$3,008+24.4%

$4,741-21.1%

Participant deferral / active EE

$4,210

$4,802-12.3%

$4,395-4.2%

$6,401-34.2%

Admin fee / account holder

$1,322

$5,977-77.9%

$5,325-75.2%

$11,429-88.4%

TOLEDO REGIONAL CHAMBER OF COMMERCE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOLEDO REGIONAL CHAMBER OF COMMERCE 401(K) SAVINGS 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