Retirement plan

THE CHORAL ARTS SOCIETY OF WASHINGTON 403(B) TAX DEFERRED ANNUITY PLAN

Name: THE CHORAL ARTS SOCIETY OF WASHINGTON - THE CHORAL ARTS SOCIETY OF WASHINGTON 403(B) TAX DEFERRED ANNUITY PLAN (2024) Form 5500
Creator: THE CHORAL ARTS SOCIETY OF WASHINGTON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CHORAL ARTS SOCIETY OF WASHINGTON 403(B) TAX DEFERRED ANNUITY PLAN, THE CHORAL ARTS SOCIETY OF WASHINGTON

THE CHORAL ARTS SOCIETY OF WASHINGTONEIN 52-0895826Plan #001PY 2024

1666 CONNECTICUT AVENUE NW, STE 525 - WASHINGTON, DC 20009202-244-3669choralarts.orgLinkedIn1-10 employeesmusic

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$824K

+2.2% from 2023

Total participants

-5.6% from 2023

Average account balance

$51,519

+8.6% from 2023

Annual return

15.73%

+6.68 pp from 2023

Benchmarks

See 10,226 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort10,226 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$824K

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

400.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9326

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 codes2F2G2L2M2T3D

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

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

$149K

$37305 / participant

Other / not subdivided$149K100.0%

% of EOY assets

18.102%

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

$51,519

$169,336-69.6%

$129,384-60.2%

$145,884-64.7%

Participation rate

75.0%

76.5%-1.5pp

69.6%+5.4pp

80.3%-5.3pp

Annual return

15.73%

14408.70%-14393.0pp

9461.77%-9446.0pp

551.85%-536.1pp

Employer contribution / active EE

$6,909

$5,540+24.7%

$4,153+66.4%

$4,662+48.2%

Participant deferral / active EE

$3,028

$4,985-39.3%

$4,166-27.3%

$6,690-54.7%

Admin fee / account holder

$9,326

$9,912-5.9%

$7,686+21.3%

$13,392-30.4%

THE CHORAL ARTS SOCIETY OF WASHINGTON 403(B) TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CHORAL ARTS SOCIETY OF WASHINGTON 403(B) TAX DEFERRED ANNUITY 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