Retirement plan

TOWN OF NORTH BEACH 401(K) PROFIT SHARING PLAN & TRUST

Name: TOWN OF NORTH BEACH - TOWN OF NORTH BEACH 401(K) PROFIT SHARING PLAN & TRUST (2025) Form 5500
Creator: TOWN OF NORTH BEACH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOWN OF NORTH BEACH 401(K) PROFIT SHARING PLAN & TRUST, TOWN OF NORTH BEACH

TOWN OF NORTH BEACHEIN 52-0544956Plan #001PY 2025

8916 CHESAPEAKE AVE - NORTH BEACH, MD 207144050443-646-2415northbeachmd.orgLinkedIn11-50 employeesgovernment administration

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$137K

+77.9% from 2024

Total participants

-29.7% from 2024

Average account balance

$12,412

+45.5% from 2024

Annual return

20.61%

+7.26 pp from 2024

Benchmarks

See 2,099 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort2,099 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$137K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

26.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+20.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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 codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$31 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.941%

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

$12,412

$60,442-79.5%

$96,754-87.2%

$87,485-85.8%

Participation rate

19.0%

58.7%-39.7pp

70.3%-51.2pp

68.9%-49.9pp

Annual return

20.61%

21.97%-1.4pp

82.04%-61.4pp

26.06%-5.4pp

Employer contribution / active EE

$1,691-100.0%

$2,679-100.0%

$2,596-100.0%

Participant deferral / active EE

$1,047

$3,280-68.1%

$4,758-78.0%

$4,274-75.5%

Admin fee / account holder

$117

$5,069-97.7%

$8,905-98.7%

$7,775-98.5%

TOWN OF NORTH BEACH 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOWN OF NORTH BEACH 401(K) PROFIT SHARING PLAN & TRUST

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