Retirement plan

MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES

Name: MARYLAND THOROUGHBRED HORSEMEN'S ASSOCIATION, INC. - MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES (2022) Form 5500
Creator: MARYLAND THOROUGHBRED HORSEMEN'S ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES, MARYLAND THOROUGHBRED HORSEMEN'S ASSOCIATION, INC.

MARYLAND THOROUGHBRED HORSEMEN'S ASSOCIATION, INC.EIN 52-1493207Plan #002PY 2022

500 REDLAND COURT SUITE 105 - OWINGS MILLS, MD 21117410-902-6842LinkedIn1-10 employeescivic & social organization

Other plans on this EIN

1 filing

#001Retirement-$1.0M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$9.3M

-13.9% from 2021

Total participants

540

-21.2% from 2021

Average account balance

$17,664

-11.3% from 2021

Annual return

-16.20%

-23.51 pp from 2021

Benchmarks

See 426 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort426 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.54M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

502

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208

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

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
POLLARD & ASSOCIATES, INC.7 years Filed as: POLLARD & ASSOCIATES INC Service code 13 · EIN 52-0909772	Contract Administrator	$5,537
NATIONWIDE8+ years Service code 15 · EIN 31-4156830	Recordkeeping	$290

Plan features & details

Pension benefit codes2A2E3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$53K

$188 / participant

Investment mgmt$34K64.2%
Other / not subdivided$19K35.8%

% of EOY assets

0.569%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIN & TUCKER CHARTERED
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,664

$47,898-63.1%

$117,529-85.0%

$64,824-72.8%

Participation rate

94.3%

61.9%+32.4pp

70.6%+23.7pp

71.5%+22.8pp

Annual return

-16.20%

-15.54%-0.7pp

29.77%-46.0pp

32.84%-49.0pp

Employer contribution / active EE

$3,559

$1,774+100.6%

$4,179-14.8%

$2,507+41.9%

Participant deferral / active EE

$3,151-100.0%

$4,072-100.0%

$4,311-100.0%

Admin fee / account holder

$101

$132-23.7%

$5,645-98.2%

$188-46.5%

Provider

Service type

Compensation

POLLARD & ASSOCIATES, INC.7 years

Filed as: POLLARD & ASSOCIATES INC

Service code 13 · EIN 52-0909772

Contract Administrator

$5,537

NATIONWIDE8+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$290

MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES

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