Retirement plan

ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT PLAN

Name: ASSOCIATION OF RESEARCH LIBRARIES - ASSOCIATION OF RESEARCH LIBRARIES DEFINED CONTRIBUTION RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.6M

+18.1% from 2022

Total participants

+5.5% from 2022

Average account balance

$241,177

+12.0% from 2022

Annual return

14.50%

+27.57 pp from 2022

Benchmarks

See 9,823 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,823 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2L2F2G3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$296K

$4061 / participant

Other / not subdivided$296K100.0%

% of EOY assets

1.596%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$241,177

$57,281+321.0%

$86,612+178.5%

$75,163+220.9%

Participation rate

100.0%

63.2%+36.8pp

71.7%+28.3pp

67.2%+32.8pp

Annual return

14.50%

2670.75%-2656.2pp

591.07%-576.6pp

160.62%-146.1pp

Employer contribution / active EE

$8,330

$2,314+259.9%

$3,022+175.6%

$2,670+212.0%

Participant deferral / active EE

$3,443

$3,318+3.8%

$4,438-22.4%

$4,125-16.5%

Admin fee / account holder

$3,850

$4,112-6.4%

$5,614-31.4%

$5,651-31.9%

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