Retirement plan

403(B) THRIFT PLAN OF THE DELAWARE ACADEMY OF MEDICINE, INC.

Name: THE DELAWARE ACADEMY OF MEDICINE, INC. - 403(B) THRIFT PLAN OF THE DELAWARE ACADEMY OF MEDICINE, INC. (2020) Form 5500
Creator: THE DELAWARE ACADEMY OF MEDICINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE DELAWARE ACADEMY OF MEDICINE, INC., THE DELAWARE ACADEMY OF MEDICINE, INC.

THE DELAWARE ACADEMY OF MEDICINE, INC.EIN 51-0075162Plan #003PY 2020

4765 OGLETOWN STANTON RD STE L10 - NEWARK, DE 197138004302-733-3900

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$395K

+13.1% from 2019

Total participants

0.0% from 2019

Average account balance

$56,477

+13.1% from 2019

Annual return

8.21%

-4.19 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$340K

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

-37.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$191

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 codes2F2G

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.

Opportunity flags

1 tripped

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

$72

$24 / participant

Other / not subdivided$72100.0%

% of EOY assets

0.018%

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

$56,477

$81,696-30.9%

$70,494-19.9%

$158,982-64.5%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

8.21%

208.70%-200.5pp

109.16%-100.9pp

302.99%-294.8pp

Employer contribution / active EE

$3,325

$3,220+3.3%

$2,738+21.4%

$4,763-30.2%

Participant deferral / active EE

$2,417

$4,558-47.0%

$3,711-34.9%

$5,983-59.6%

Admin fee / account holder

$10

$6,200-99.8%

$3,848-99.7%

$11,252-99.9%

403(B) THRIFT PLAN OF THE DELAWARE ACADEMY OF MEDICINE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE DELAWARE ACADEMY OF MEDICINE, INC.

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