Retirement plan

VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY 401(K) PROFIT SHARING PLAN

Name: VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY - VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY 401(K) PROFIT SHARING PLAN, VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY

VISIT ANNAPOLIS & ANNE ARUNDEL COUNTYEIN 52-1661705Plan #002PY 2020

26 WEST ST - ANNAPOLIS, MD 214012421410-267-6048visitannapolis.orgLinkedIn11-50 employeesleisure, travel & tourism

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$600K

-34.7% from 2019

Total participants

0.0% from 2019

Average account balance

$49,970

-34.7% from 2019

Annual return

7.26%

-7.40 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$781K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2915

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

1 tripped

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

$471K

$67315 / participant

Other / not subdivided$471K100.0%

% of EOY assets

78.582%

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

$49,970

$100,938-50.5%

$90,461-44.8%

$158,982-68.6%

Participation rate

71.4%

75.0%-3.6pp

72.7%-1.3pp

82.0%-10.5pp

Annual return

7.26%

1727.20%-1719.9pp

1294.76%-1287.5pp

302.99%-295.7pp

Employer contribution / active EE

$4,112

$3,691+11.4%

$3,264+26.0%

$4,763-13.7%

Participant deferral / active EE

$7,092

$4,350+63.0%

$3,964+78.9%

$5,983+18.5%

Admin fee / account holder

$39,267

$6,510+503.2%

$5,617+599.1%

$11,252+249.0%

VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VISIT ANNAPOLIS & ANNE ARUNDEL COUNTY 401(K) PROFIT SHARING 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