Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARYLAND HUMANITIES COUNCIL, INC.

Name: MARYLAND HUMANITIES COUNCIL, I - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARYLAND HUMANITIES COUNCIL, INC. (2023) Form 5500
Creator: MARYLAND HUMANITIES COUNCIL, I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARYLAND HUMANITIES COUNCIL, INC., MARYLAND HUMANITIES COUNCIL, I

MARYLAND HUMANITIES COUNCIL, IEIN 52-1102799Plan #002PY 2023

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$812K

+14.5% from 2022

Total participants

-4.0% from 2022

Average account balance

$36,905

+24.9% from 2022

Annual return

19.06%

+36.74 pp from 2022

Benchmarks

See 9,751 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort9,751 peers

Snapshot2023

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

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

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 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

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

$117K

$7816 / participant

Other / not subdivided$117K100.0%

% of EOY assets

14.440%

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

$36,905

$156,963-76.5%

$121,204-69.6%

$139,466-73.5%

Participation rate

86.7%

76.5%+10.2pp

69.5%+17.1pp

80.3%+6.3pp

Annual return

19.06%

1476.75%-1457.7pp

987.18%-968.1pp

373.66%-354.6pp

Employer contribution / active EE

$2,482

$5,544-55.2%

$4,170-40.5%

$4,754-47.8%

Participant deferral / active EE

$3,150

$4,848-35.0%

$4,083-22.9%

$6,712-53.1%

Admin fee / account holder

$5,329

$6,953-23.4%

$5,651-5.7%

$11,409-53.3%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF MARYLAND HUMANITIES COUNCIL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES 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