Retirement plan

MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC.

Name: MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC. - MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC. (2021) Form 5500
Creator: MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC., MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC.

MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC.EIN 52-0590244Plan #002PY 2021

2200 YORK RD, PO BOX 188 - TIMONIUM, MD 21094410-252-0200marylandstatefair.comLinkedIn11-50 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

+12.2% from 2020

Total participants

-25.0% from 2020

Average account balance

$136,789

+15.9% from 2020

Annual return

11.96%

-1.68 pp from 2020

Benchmarks

See 8,066 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort8,066 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.50M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

157.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3180

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 codes3D2F2G2L2M2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
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.)
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

$170K

$8490 / participant

Other / not subdivided$170K100.0%

% of EOY assets

4.138%

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

$136,789

$185,225-26.1%

$142,898-4.3%

$167,536-18.4%

Participation rate

85.0%

78.5%+6.5pp

72.0%+13.0pp

82.1%+2.9pp

Annual return

11.96%

8558.12%-8546.2pp

5639.64%-5627.7pp

478.82%-466.9pp

Employer contribution / active EE

$1,142

$5,607-79.6%

$4,146-72.4%

$4,839-76.4%

Participant deferral / active EE

$7,737

$4,496+72.1%

$3,838+101.6%

$6,342+22.0%

Admin fee / account holder

$5,660

$8,032-29.5%

$6,560-13.7%

$12,315-54.0%

MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, 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