Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF AIRPORT FOUNDATION MSP

Name: AIRPORT FOUNDATION MSP - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF AIRPORT FOUNDATION MSP (2023) Form 5500
Creator: AIRPORT FOUNDATION MSP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF AIRPORT FOUNDATION MSP, AIRPORT FOUNDATION MSP

AIRPORT FOUNDATION MSPEIN 36-4088129Plan #001PY 2023

4300 GLUMACK DR RM D2040 - SAINT PAUL, MN 551113002612-726-5235airportfoundation.orgLinkedIn11-50 employeesairlines/aviation

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$652K

+22.7% from 2022

Total participants

0.0% from 2022

Average account balance

$40,767

+22.7% from 2022

Annual return

15.27%

+32.27 pp from 2022

Benchmarks

See 41,854 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,854 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$762K

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

175.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13395

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 codes2G3D2F

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.
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.)
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

$53K

$3314 / participant

Other / not subdivided$53K100.0%

% of EOY assets

8.129%

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

$40,767

$96,643-57.8%

$86,617-52.9%

$139,456-70.8%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

15.27%

106.57%-91.3pp

591.91%-576.6pp

373.45%-358.2pp

Employer contribution / active EE

$1,799

$3,264-44.9%

$3,023-40.5%

$4,753-62.2%

Participant deferral / active EE

$3,960

$4,835-18.1%

$4,437-10.7%

$6,711-41.0%

Admin fee / account holder

$3,314

$6,406-48.3%

$5,613-41.0%

$11,407-70.9%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF AIRPORT FOUNDATION MSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF AIRPORT FOUNDATION MSP

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