Retirement plan

DEFINED CONTRIBUTION PENSION PLAN FOR EMPLOYEES OF MONTGOMERY COMMUNITY TELEVISION, INC.

Name: MONTGOMERY COMMUNITY TELEVISION, INC. - DEFINED CONTRIBUTION PENSION PLAN FOR EMPLOYEES OF MONTGOMERY COMMUNITY TELEVISION, INC. (2023) Form 5500
Creator: MONTGOMERY COMMUNITY TELEVISION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEFINED CONTRIBUTION PENSION PLAN FOR EMPLOYEES OF MONTGOMERY COMMUNITY TELEVISION, INC., MONTGOMERY COMMUNITY TELEVISION, INC.

MONTGOMERY COMMUNITY TELEVISION, INC.EIN 52-1372897Plan #001PY 2023

7548 STANDISH PL - ROCKVILLE, MD 208552730301-424-1730accessmontgomery.tvLinkedIn11-50 employeestelecommunications

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.1M

+14.4% from 2022

Total participants

-4.1% from 2022

Average account balance

$31,120

+17.7% from 2022

Annual return

13.00%

+27.25 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.78M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

315.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9975

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 codes2G3D2F

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$33K

$1552 / participant

Other / not subdivided$33K100.0%

% of EOY assets

1.517%

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

$31,120

$96,678-67.8%

$86,640-64.1%

$139,466-77.7%

Participation rate

95.2%

74.4%+20.8pp

71.7%+23.5pp

80.3%+14.9pp

Annual return

13.00%

106.69%-93.7pp

592.52%-579.5pp

373.66%-360.7pp

Employer contribution / active EE

$2,766

$3,265-15.3%

$3,024-8.5%

$4,754-41.8%

Participant deferral / active EE

$4,837-100.0%

$4,438-100.0%

$6,712-100.0%

Admin fee / account holder

$472

$6,410-92.6%

$5,616-91.6%

$11,409-95.9%

DEFINED CONTRIBUTION PENSION PLAN FOR EMPLOYEES OF MONTGOMERY COMMUNITY TELEVISION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEFINED CONTRIBUTION PENSION PLAN FOR EMPLOYEES OF MONTGOMERY COMMUNITY TELEVISION, 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