Retirement plan

COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC. 401(K) PLAN

Name: COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC. - COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC. 401(K) PLAN (2022) Form 5500
Creator: COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC. 401(K) PLAN, COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC.

COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC.EIN 52-1326014Plan #002PY 2022

1324 BELMONT AVENUE, SUITE 401 - SALIBURY, MD 21804410-742-9911cfes.orgLinkedIn11-50 employeesphilanthropy

Other plans on this EIN

1 filing

#001Retirement-$52K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$347K

No prior year

Total participants

No prior year

Average account balance

$28,954

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$761K

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$143K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$683

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 codes2F2G2J2T3D

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

$108K

$9857 / participant

Other / not subdivided$108K100.0%

% of EOY assets

31.206%

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

$28,954

$92,766-68.8%

$82,763-65.0%

$134,545-78.5%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

0.00%

946.97%-947.0pp

702.45%-702.4pp

418.37%-418.4pp

Employer contribution / active EE

$3,961

$3,273+21.0%

$3,008+31.7%

$4,742-16.5%

Participant deferral / active EE

$5,954

$4,802+24.0%

$4,395+35.5%

$6,401-7.0%

Admin fee / account holder

$9,035

$5,978+51.2%

$5,325+69.7%

$11,431-21.0%

COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY FOUNDATION OF THE EASTERN SHORE, INC. 401(K) 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