Retirement plan

EMPLOYEE BENEFIT PLAN OF MARYLAND HUMANITIES COUNCIL, INC.

Name: MARYLAND HUMANITIES COUNCIL, I - EMPLOYEE BENEFIT PLAN OF MARYLAND HUMANITIES COUNCIL, INC. (2022) Form 5500
Creator: MARYLAND HUMANITIES COUNCIL, I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF MARYLAND HUMANITIES COUNCIL, INC., MARYLAND HUMANITIES COUNCIL, I

MARYLAND HUMANITIES COUNCIL, IEIN 52-1102799Plan #002PY 2022

108 W CENTRE ST - BALTIMORE, MD 212014565410-685-0095LinkedIn11-50 employeesmuseums and institutions

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$709K

-9.2% from 2021

Total participants

+25.0% from 2021

Average account balance

$29,558

-24.4% from 2021

Annual return

-17.68%

-36.52 pp from 2021

Benchmarks

See 8,953 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort8,953 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$973K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

123.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$417

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 9-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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$15K

$1008 / participant

Other / not subdivided$15K100.0%

% of EOY assets

2.131%

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

$29,558

$152,509-80.6%

$117,472-74.8%

$134,475-78.0%

Participation rate

93.3%

77.1%+16.2pp

70.6%+22.7pp

81.2%+12.1pp

Annual return

-17.68%

52.99%-70.7pp

29.74%-47.4pp

417.96%-435.6pp

Employer contribution / active EE

$2,206

$5,571-60.4%

$4,176-47.2%

$4,740-53.4%

Participant deferral / active EE

$3,203

$4,818-33.5%

$4,070-21.3%

$6,400-49.9%

Admin fee / account holder

$630

$7,004-91.0%

$5,645-88.8%

$11,426-94.5%

EMPLOYEE BENEFIT PLAN OF MARYLAND HUMANITIES COUNCIL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF MARYLAND HUMANITIES COUNCIL, INC.

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