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. (2022) 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, INC.EIN 52-1326863Plan #001PY 2022

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$933K

-20.8% from 2021

Total participants

+20.0% from 2021

Average account balance

$37,315

-23.9% from 2021

Annual return

-16.80%

-34.22 pp from 2021

Benchmarks

See 39,290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,290 peers

Snapshot2022

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 codes2F2G2T3D

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.
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

$128K

$6109 / participant

Other / not subdivided$128K100.0%

% of EOY assets

13.751%

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

$37,315

$92,743-59.8%

$82,744-54.9%

$134,532-72.3%

Participation rate

76.2%

75.2%+1.0pp

72.6%+3.6pp

81.2%-5.0pp

Annual return

-16.80%

946.63%-963.4pp

702.22%-719.0pp

418.27%-435.1pp

Employer contribution / active EE

$1,260

$3,273-61.5%

$3,008-58.1%

$4,741-73.4%

Participant deferral / active EE

$2,623

$4,802-45.4%

$4,395-40.3%

$6,401-59.0%

Admin fee / account holder

$5,131

$5,977-14.2%

$5,325-3.6%

$11,429-55.1%

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