Retirement plan

PORTAGE POLICE OFFICERS ASSOCIATION MONEY PURCHASE PENSION PLAN

Name: PORTAGE POLICE OFFICERS ASSOCIATION - PORTAGE POLICE OFFICERS ASSOCIATION MONEY PURCHASE PENSION PLAN (2022) Form 5500
Creator: PORTAGE POLICE OFFICERS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTAGE POLICE OFFICERS ASSOCIATION MONEY PURCHASE PENSION PLAN, PORTAGE POLICE OFFICERS ASSOCIATION

PORTAGE POLICE OFFICERS ASSOCIATIONEIN 38-6498692Plan #001PY 2022

7810 SHAVER ROAD - PORTAGE, MI 49024269-329-4567

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6.9M

-24.1% from 2021

Total participants

0.0% from 2021

Average account balance

$108,480

-25.3% from 2021

Annual return

-18.78%

-30.55 pp from 2021

Benchmarks

See 83 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants25-99

Cohort83 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.26M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

145.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$758K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+20.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7840

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 codes2C2F2G3D2T

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$928K

$18550 / participant

Other / not subdivided$928K100.0%

% of EOY assets

13.360%

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

$108,480

$21,287+409.6%

$68,495+58.4%

Participation rate

96.0%

40.3%+55.7pp

67.9%+28.1pp

Annual return

-18.78%

-16.24%-2.5pp

-7.84%-10.9pp

Employer contribution / active EE

$8,154

$1,123+626.0%

$2,596+214.0%

Participant deferral / active EE

$1,533-100.0%

$4,028-100.0%

Admin fee / account holder

$14,492

$2,220+553.0%

$5,403+168.2%

PORTAGE POLICE OFFICERS ASSOCIATION MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTAGE POLICE OFFICERS ASSOCIATION MONEY PURCHASE 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