Retirement plan

DSO, INC MUSICIANS TAX DEFERRED ACCOUNT PLAN

Name: DETROIT SYMPHONY ORCHESTRA, INC. - DSO, INC MUSICIANS TAX DEFERRED ACCOUNT PLAN (2023) Form 5500
Creator: DETROIT SYMPHONY ORCHESTRA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DSO, INC MUSICIANS TAX DEFERRED ACCOUNT PLAN, DETROIT SYMPHONY ORCHESTRA, INC.

DETROIT SYMPHONY ORCHESTRA, INC.EIN 38-1385132Plan #005PY 2023

3711 WOODWARD AVENUE - DETROIT, MI 48201313-576-5190dso.orgLinkedIn51-200 employeesperforming arts

Other plans on this EIN

3 filings

#001Retirement-$10.7M assets #004Retirement-$3.9M assets #003Retirement-$1.2M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$3M

+18.8% from 2022

Total participants

+13.6% from 2022

Average account balance

$59,728

+4.6% from 2022

Annual return

2.88%

+10.21 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

$4.79M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

105.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$427K

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 codes2M2G2F2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$104 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.160%

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

$59,728

$49,199+21.4%

$121,210-50.7%

$75,177-20.6%

Participation rate

100.0%

55.4%+44.6pp

69.5%+30.5pp

67.2%+32.8pp

Annual return

2.88%

56.04%-53.2pp

987.41%-984.5pp

160.75%-157.9pp

Employer contribution / active EE

$3,595

$1,547+132.4%

$4,171-13.8%

$2,671+34.6%

Participant deferral / active EE

$5,118

$2,630+94.6%

$4,084+25.3%

$4,126+24.0%

Admin fee / account holder

$96

$3,946-97.6%

$5,647-98.3%

$5,651-98.3%

DSO, INC MUSICIANS TAX DEFERRED ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DSO, INC MUSICIANS TAX DEFERRED ACCOUNT 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