Retirement plan

U.S. NAVAL SEA CADETS CORPS TDA & DEFINED CONTRIBUTION PLAN

Name: U.S. NAVAL SEA CADET CORPS - U.S. NAVAL SEA CADETS CORPS TDA & DEFINED CONTRIBUTION PLAN (2022) Form 5500
Creator: U.S. NAVAL SEA CADET CORPS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.S. NAVAL SEA CADETS CORPS TDA & DEFINED CONTRIBUTION PLAN, U.S. NAVAL SEA CADET CORPS

U.S. NAVAL SEA CADET CORPSEIN 52-0808385Plan #002PY 2022

2300 WILSON BOULEVARD, SUITE 200 - ARLINGTON, VA 222015435703-243-6910seacadets.orgLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

-10.4% from 2021

Total participants

+4.2% from 2021

Average account balance

$44,195

-17.9% from 2021

Annual return

-18.38%

-33.60 pp from 2021

Benchmarks

See 6,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,929 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

207.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$192K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$771

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 codes2G2L2T3D

Plan features

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.
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

$55K

$5002 / participant

Other / not subdivided$55K100.0%

% of EOY assets

5.187%

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

$44,195

$67,396-34.4%

$60,919-27.5%

$134,545-67.2%

Participation rate

90.9%

76.2%+14.7pp

73.1%+17.8pp

81.2%+9.7pp

Annual return

-18.38%

50.12%-68.5pp

16.96%-35.3pp

418.37%-436.7pp

Employer contribution / active EE

$4,229

$3,101+36.4%

$2,704+56.4%

$4,742-10.8%

Participant deferral / active EE

$9,346

$4,534+106.1%

$3,814+145.0%

$6,401+46.0%

Admin fee / account holder

$2,293

$4,590-50.1%

$3,228-29.0%

$11,431-79.9%

U.S. NAVAL SEA CADETS CORPS TDA & DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.S. NAVAL SEA CADETS CORPS TDA & DEFINED CONTRIBUTION 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