Retirement plan

ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT PLAN

Name: ASSOCIATION OF RESEARCH LIBRARIES - ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT PLAN (2021) Form 5500
Creator: ASSOCIATION OF RESEARCH LIBRARIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT PLAN, ASSOCIATION OF RESEARCH LIBRARIES

ASSOCIATION OF RESEARCH LIBRARIESEIN 52-0784198Plan #001PY 2021

21 DUPONT CIRCLE, N.W., SUITE 800 - WASHINGTON, DC 20036202-296-2296arl.orgLinkedIn11-50 employeeslibraries

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$18.3M

+6.4% from 2020

Total participants

-15.3% from 2020

Average account balance

$254,584

-2.4% from 2020

Annual return

12.59%

-1.34 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.38M

Not enough data

1 years with asset history on file

Average account balance

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

$291K

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.

105.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$933K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20812

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 codes2L2F2G

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.

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

$1.8M

$53908 / participant

Other / not subdivided$2M100.0%

% of EOY assets

9.999%

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

$254,584

$65,434+289.1%

$98,483+158.5%

$85,847+196.6%

Participation rate

100.0%

65.0%+35.0pp

73.3%+26.7pp

69.3%+30.7pp

Annual return

12.59%

21.75%-9.2pp

1494.38%-1481.8pp

318.61%-306.0pp

Employer contribution / active EE

$16,313

$2,169+652.1%

$2,961+451.0%

$2,565+535.9%

Participant deferral / active EE

$6,143

$3,168+93.9%

$4,276+43.6%

$3,952+55.4%

Admin fee / account holder

$25,457

$4,595+454.0%

$5,953+327.7%

$6,261+306.6%

ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT 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