Retirement plan

AMERICAN ACADEMY OF ACTUARIES 401K PROFIT SHARING PLAN

Name: AMERICAN ACADEMY OF ACTUARIES - AMERICAN ACADEMY OF ACTUARIES 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: AMERICAN ACADEMY OF ACTUARIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN ACADEMY OF ACTUARIES 401K PROFIT SHARING PLAN, AMERICAN ACADEMY OF ACTUARIES

AMERICAN ACADEMY OF ACTUARIESEIN 36-6142798Plan #002PY 2023

1850 M STREET, NW, SUITE 300 - WASHINGTON, DC 20036202-223-8196actuary.orgLinkedIn11-50 employeespublic policy

Other plans on this EIN

1 filing

#003Retirement-$3.0M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$15.6M

+24.0% from 2022

Total participants

+5.0% from 2022

Average account balance

$272,996

+24.0% from 2022

Annual return

19.32%

+37.70 pp from 2022

Benchmarks

See 9,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,816 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.64M

Not enough data

1 years with asset history on file

Average account balance

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

$316K

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.

128.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$984K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5721

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 codes2E2J2G3D2F

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$384K

$8526 / participant

Other / not subdivided$384K100.0%

% of EOY assets

2.466%

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

$272,996

$57,312+376.3%

$86,617+215.2%

$75,181+263.1%

Participation rate

86.7%

63.2%+23.5pp

71.7%+15.0pp

67.2%+19.5pp

Annual return

19.32%

2672.78%-2653.5pp

591.91%-572.6pp

160.69%-141.4pp

Employer contribution / active EE

$10,933

$2,315+372.2%

$3,023+261.6%

$2,671+309.4%

Participant deferral / active EE

$9,848

$3,319+196.7%

$4,437+122.0%

$4,126+138.7%

Admin fee / account holder

$6,731

$4,114+63.6%

$5,613+19.9%

$5,650+19.1%

AMERICAN ACADEMY OF ACTUARIES 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN ACADEMY OF ACTUARIES 401K PROFIT SHARING 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