Retirement plan

EGELSTON TOWNSHIP GROUP PENSION PLAN

Name: EGELSTON TOWNSHIP - EGELSTON TOWNSHIP GROUP PENSION PLAN (2024) Form 5500
Creator: EGELSTON TOWNSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EGELSTON TOWNSHIP GROUP PENSION PLAN, EGELSTON TOWNSHIP

EGELSTON TOWNSHIPEIN 38-6024445Plan #001PY 2024

5428 EAST APPLE AVENUE - MUSKEGON, MI 494423008231-788-2308

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

-9.5% from 2023

Total participants

+4.5% from 2023

Average account balance

$102,047

+5.6% from 2023

Annual return

15.49%

+21.14 pp from 2023

Benchmarks

See 479 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort479 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

121.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+7.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14720

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 codes2C3D2G2F2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
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

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

$629K

$28590 / participant

Other / not subdivided$629K100.0%

% of EOY assets

34.243%

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

$102,047

$85,094+19.9%

$76,327+33.7%

$145,877-30.0%

Participation rate

77.3%

82.9%-5.6pp

79.2%-1.9pp

80.3%-3.0pp

Annual return

15.49%

13.13%+2.4pp

13.79%+1.7pp

551.28%-535.8pp

Employer contribution / active EE

$5,522

$5,261+5.0%

$4,584+20.5%

$4,663+18.4%

Participant deferral / active EE

$6,390-100.0%

$5,478-100.0%

$6,691-100.0%

Admin fee / account holder

$34,944

$5,773+505.3%

$5,139+580.0%

$13,402+160.7%

EGELSTON TOWNSHIP GROUP PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EGELSTON TOWNSHIP GROUP PENSION 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