Retirement plan

403(B) THRIFT PLAN OF ASSOCIATION OF MARYLAND PHILANTHROPY NETWORK, INC

Name: MARYLAND PHILANTHROPY NETWORK, INC - 403(B) THRIFT PLAN OF ASSOCIATION OF MARYLAND PHILANTHROPY NETWORK, INC (2020) Form 5500
Creator: MARYLAND PHILANTHROPY NETWORK, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF ASSOCIATION OF MARYLAND PHILANTHROPY NETWORK, INC, MARYLAND PHILANTHROPY NETWORK, INC

MARYLAND PHILANTHROPY NETWORK, INCEIN 52-1326863Plan #001PY 2020

1600 W 41ST ST STE 700 - BALTIMORE, MD 212111504410-727-1205

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+24.1% from 2019

Total participants

+46.7% from 2019

Average account balance

$46,002

-15.4% from 2019

Annual return

16.78%

-5.86 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.49M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

65.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$160K

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

+25.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$899

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 codes2F2G2T

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.
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.

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

$15K

$1063 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.470%

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

$46,002

$100,895-54.4%

$90,430-49.1%

$158,950-71.1%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

16.78%

1725.54%-1708.8pp

1293.73%-1276.9pp

302.91%-286.1pp

Employer contribution / active EE

$1,408

$3,689-61.8%

$3,262-56.8%

$4,762-70.4%

Participant deferral / active EE

$3,908

$4,347-10.1%

$3,963-1.4%

$5,983-34.7%

Admin fee / account holder

$676

$6,505-89.6%

$5,613-88.0%

$11,248-94.0%

403(B) THRIFT PLAN OF ASSOCIATION OF MARYLAND PHILANTHROPY NETWORK, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF ASSOCIATION OF MARYLAND PHILANTHROPY NETWORK, 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