Retirement plan

ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE 403(B) PLAN

Name: ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE - ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE 403(B) PLAN (2022) Form 5500
Creator: ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE 403(B) PLAN, ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE

ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINEEIN 52-1353469Plan #001PY 2022

500 LAKE ST STE 204 - EXCELSIOR, MN 553312011952-212-2434

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-18.5% from 2021

Total participants

0.0% from 2021

Average account balance

$112,279

-18.5% from 2021

Annual return

-21.95%

-38.96 pp from 2021

Benchmarks

See 133,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,909 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+20.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3186

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 codes2F2G2L2M2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$36K

$8969 / participant

Other / not subdivided$36K100.0%

% of EOY assets

3.195%

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

$112,279

$138,078-18.7%

$125,363-10.4%

$134,509-16.5%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-21.95%

750.49%-772.4pp

572.15%-594.1pp

418.13%-440.1pp

Employer contribution / active EE

$6,455

$5,245+23.1%

$4,815+34.1%

$4,741+36.2%

Participant deferral / active EE

$14,387

$7,800+84.5%

$7,447+93.2%

$6,400+124.8%

Admin fee / account holder

$3,587

$11,566-69.0%

$10,005-64.1%

$11,427-68.6%

ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCREDITATION COMMISSION FOR ACUPUNCTURE AND HERBAL MEDICINE 403(B) 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