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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$40K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$545K

+56.8% from 2022

Total participants

-8.3% from 2022

Average account balance

$49,532

+71.1% from 2022

Annual return

21.19%

+21.19 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

$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

$9K

$775 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.564%

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

$49,532

$96,691-48.8%

$86,656-42.8%

$139,487-64.5%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

21.19%

106.87%-85.7pp

593.09%-571.9pp

373.84%-352.6pp

Employer contribution / active EE

$4,374

$3,267+33.9%

$3,025+44.6%

$4,755-8.0%

Participant deferral / active EE

$7,175

$4,838+48.3%

$4,439+61.6%

$6,713+6.9%

Admin fee / account holder

$775

$6,414-87.9%

$5,619-86.2%

$11,407-93.2%

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