Retirement plan

MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES

Name: MARYLAND THOROUGHBRED HORSEMEN'S ASSOCIATION, INC. - MTHA RETIREMENT PLAN FOR BACKSTRETCH EMPLOYEES (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$1.2M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$11.5M

+7.6% from 2023

Total participants

584

+0.9% from 2023

Average account balance

$22,991

+16.6% from 2023

Annual return

11.10%

-0.72 pp from 2023

Benchmarks

See 488 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort488 peers

Snapshot2024

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 34-1542819 ONE NORTH JEFFERSON AVENUE · ST. LOUIS, MO 63103	Advisory (Participants)	$34,276
POLLARD & ASSOCIATES, INC.9 years Filed as: POLLARD & ASSOCIATES INC Service code 13 · EIN 52-0909772 1 NORTH PARK DRIVE SUITE 104 · HUNT VALLEY, MD 21030	Contract Administrator	$25,221
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 15 · EIN 01-0233346 P.O. BOX · BUFFALO, NY 14201	Recordkeeping	$8,849

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$104K

$196 / participant

Investment mgmt$34K32.9%
Contract admin$9K8.5%
Other / not subdivided$61K58.6%

% of EOY assets

0.903%

all-in expense ratio

Categories reported

2 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,991

$58,859-60.9%

$129,397-82.2%

$77,714-70.4%

Participation rate

84.6%

59.3%+25.3pp

69.6%+15.0pp

70.6%+14.0pp

Annual return

11.10%

24.74%-13.6pp

9453.98%-9442.9pp

31.26%-20.2pp

Employer contribution / active EE

$1,880

$1,952-3.7%

$4,154-54.8%

$2,727-31.1%

Participant deferral / active EE

$3,215-100.0%

$4,167-100.0%

$4,649-100.0%

Admin fee / account holder

$208

$591-64.8%

$7,679-97.3%

$433-52.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 34-1542819

ONE NORTH JEFFERSON AVENUE · ST. LOUIS, MO 63103

Advisory (Participants)

$34,276

POLLARD & ASSOCIATES, INC.9 years

Filed as: POLLARD & ASSOCIATES INC

Service code 13 · EIN 52-0909772

1 NORTH PARK DRIVE SUITE 104 · HUNT VALLEY, MD 21030

Contract Administrator

$25,221

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 15 · EIN 01-0233346

P.O. BOX · BUFFALO, NY 14201

Recordkeeping

$8,849

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