Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF MIDDLE EAST POLICY COUNCIL

Name: MIDDLE EAST POLICY COUNCIL - 403(B) THRIFT PLAN FOR EMPLOYEES OF MIDDLE EAST POLICY COUNCIL (2023) Form 5500
Creator: MIDDLE EAST POLICY COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF MIDDLE EAST POLICY COUNCIL, MIDDLE EAST POLICY COUNCIL

MIDDLE EAST POLICY COUNCILEIN 52-1230205Plan #002PY 2023

337 EAST 29TH STREET - BALTIMORE, MD 21218202-296-6767mepc.orgLinkedIn1-10 employeesthink tanks

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$955K

-30.2% from 2022

Total participants

+6.7% from 2022

Average account balance

$63,636

-44.2% from 2022

Annual return

11.94%

+30.92 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.07M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4637

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 codes2G3D2J2F2T

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.
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

$648K

$53988 / participant

Other / not subdivided$648K100.0%

% of EOY assets

67.871%

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

$63,636

$96,691-34.2%

$86,656-26.6%

$139,487-54.4%

Participation rate

91.7%

74.4%+17.2pp

71.7%+20.0pp

80.3%+11.3pp

Annual return

11.94%

106.87%-94.9pp

593.09%-581.1pp

373.84%-361.9pp

Employer contribution / active EE

$3,593

$3,267+10.0%

$3,025+18.8%

$4,755-24.4%

Participant deferral / active EE

$2,334

$4,838-51.7%

$4,439-47.4%

$6,713-65.2%

Admin fee / account holder

$43,190

$6,414+573.3%

$5,619+668.7%

$11,407+278.6%

403(B) THRIFT PLAN FOR EMPLOYEES OF MIDDLE EAST POLICY COUNCIL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF MIDDLE EAST POLICY COUNCIL

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