Retirement plan

403(B) THRIFT PLAN OF MARYLAND CRIME VICTIMS RESOURCE CENTER, INC.

Name: MARYLAND CRIME VICTIMS RESOURCE CENTER, INC. - 403(B) THRIFT PLAN OF MARYLAND CRIME VICTIMS RESOURCE CENTER, INC. (2022) Form 5500
Creator: MARYLAND CRIME VICTIMS RESOURCE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF MARYLAND CRIME VICTIMS RESOURCE CENTER, INC., MARYLAND CRIME VICTIMS RESOURCE CENTER, INC.

MARYLAND CRIME VICTIMS RESOURCE CENTER, INC.EIN 52-1376744Plan #001PY 2022

1001 PRINCE GEORGES BLVD STE 750 - UPPER MARLBORO, MD 207747416240-335-4030mdcrimevictims.orgLinkedIn11-50 employeeslegal services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+5.0% from 2021

Total participants

+7.4% from 2021

Average account balance

$46,851

-2.5% from 2021

Annual return

-11.14%

-47.51 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.49M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

128.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$402K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12130

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

$15K

$862 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.117%

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

$46,851

$138,102-66.1%

$125,381-62.6%

$134,532-65.2%

Participation rate

94.1%

84.5%+9.6pp

82.4%+11.7pp

81.2%+12.9pp

Annual return

-11.14%

750.73%-761.9pp

572.31%-583.4pp

418.27%-429.4pp

Employer contribution / active EE

$2,603

$5,245-50.4%

$4,815-46.0%

$4,741-45.1%

Participant deferral / active EE

$10,146

$7,801+30.1%

$7,448+36.2%

$6,401+58.5%

Admin fee / account holder

$524

$11,568-95.5%

$10,007-94.8%

$11,429-95.4%

403(B) THRIFT PLAN OF MARYLAND CRIME VICTIMS RESOURCE CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF MARYLAND CRIME VICTIMS RESOURCE CENTER, 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