Retirement plan

TEACHERS ASSOC. OF ANNE ARUNDEL CO. EMPLOYEE 401(K)

Name: TEACHERS ASSOC. OF ANNE ARUNDEL CO. - TEACHERS ASSOC. OF ANNE ARUNDEL CO. EMPLOYEE 401(K) (2022) Form 5500
Creator: TEACHERS ASSOC. OF ANNE ARUNDEL CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEACHERS ASSOC. OF ANNE ARUNDEL CO. EMPLOYEE 401(K), TEACHERS ASSOC. OF ANNE ARUNDEL CO.

TEACHERS ASSOC. OF ANNE ARUNDEL CO.EIN 52-0733568Plan #001PY 2022

2521 RIVA RD. SUITE L-7 - ANNAPOLIS, MD 21401410-224-3330

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$2.6M

-16.8% from 2021

Total participants

0.0% from 2021

Average account balance

$366,546

-16.8% from 2021

Annual return

-18.55%

-34.30 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.23M

Not enough data

1 years with asset history on file

Average account balance

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

$404K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$146K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+17.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82180

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 codes2E3D2G2J2F2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$46K

$9249 / participant

Other / not subdivided$46K100.0%

% of EOY assets

1.802%

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

$366,546

$92,684+295.5%

$82,706+343.2%

$134,509+172.5%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

-18.55%

945.84%-964.4pp

701.76%-720.3pp

418.13%-436.7pp

Employer contribution / active EE

$16,652

$3,272+409.0%

$3,007+453.7%

$4,741+251.3%

Participant deferral / active EE

$3,420

$4,800-28.8%

$4,394-22.2%

$6,400-46.6%

Admin fee / account holder

$6,606

$5,982+10.4%

$5,329+24.0%

$11,427-42.2%

TEACHERS ASSOC. OF ANNE ARUNDEL CO. EMPLOYEE 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEACHERS ASSOC. OF ANNE ARUNDEL CO. EMPLOYEE 401(K)

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