Retirement plan

403(B) THRIFT PLAN OF INSTITUTE FOR AGRICULTURE AND TRADE POLICY

Name: INSTITUTE FOR AGRICULTURE AND TRADE POLICY - 403(B) THRIFT PLAN OF INSTITUTE FOR AGRICULTURE AND TRADE POLICY (2021) Form 5500
Creator: INSTITUTE FOR AGRICULTURE AND TRADE POLICY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF INSTITUTE FOR AGRICULTURE AND TRADE POLICY, INSTITUTE FOR AGRICULTURE AND TRADE POLICY

INSTITUTE FOR AGRICULTURE AND TRADE POLICYEIN 36-3501938Plan #001PY 2021

PO BOX 580710 - MINNEAPOLIS, MN 554785547612-870-0453iatp.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+7.7% from 2020

Total participants

-2.7% from 2020

Average account balance

$34,533

+10.6% from 2020

Annual return

16.42%

+1.20 pp from 2020

Benchmarks

See 5,804 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort5,804 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

257.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5627

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

2 tripped

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

$161K

$12392 / participant

Other / not subdivided$161K100.0%

% of EOY assets

12.959%

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

$34,533

$155,833-77.8%

$124,693-72.3%

$167,518-79.4%

Participation rate

100.0%

81.1%+18.9pp

74.6%+25.4pp

82.1%+17.9pp

Annual return

16.42%

17.98%-1.6pp

5144.19%-5127.8pp

478.71%-462.3pp

Employer contribution / active EE

$1,170

$4,164-71.9%

$3,324-64.8%

$4,838-75.8%

Participant deferral / active EE

$3,410

$5,675-39.9%

$4,615-26.1%

$6,342-46.2%

Admin fee / account holder

$4,475

$9,534-53.1%

$7,494-40.3%

$12,312-63.7%

403(B) THRIFT PLAN OF INSTITUTE FOR AGRICULTURE AND TRADE POLICY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF INSTITUTE FOR AGRICULTURE AND TRADE POLICY

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