Retirement plan

403(B) THRIFT PLAN OF FORTE INTERNATIONAL EXCHANGE ASSOCIATION

Name: FORTE INTERNATIONAL EXCHANGE ASSOCIATION - 403(B) THRIFT PLAN OF FORTE INTERNATIONAL EXCHANGE ASSOCIATION (2020) Form 5500
Creator: FORTE INTERNATIONAL EXCHANGE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF FORTE INTERNATIONAL EXCHANGE ASSOCIATION, FORTE INTERNATIONAL EXCHANGE ASSOCIATION

FORTE INTERNATIONAL EXCHANGE ASSOCIATIONEIN 52-2305779Plan #001PY 2020

7115 LEESBURG PIKE STE 217 - FALLS CHURCH, VA 220432301703-237-1688forteexchange.orgLinkedIn11-50 employeeseducation management

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$575K

+33.0% from 2019

Total participants

+10.0% from 2019

Average account balance

$57,547

+33.0% from 2019

Annual return

19.38%

-6.23 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.23M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

233.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+19.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$1K

$390 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.203%

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

$57,547

$81,696-29.6%

$70,494-18.4%

$158,982-63.8%

Participation rate

66.7%

77.7%-11.1pp

75.1%-8.4pp

82.0%-15.3pp

Annual return

19.38%

208.70%-189.3pp

109.16%-89.8pp

302.99%-283.6pp

Employer contribution / active EE

$4,837

$3,220+50.2%

$2,738+76.7%

$4,763+1.6%

Participant deferral / active EE

$15,224

$4,558+234.0%

$3,711+310.3%

$5,983+154.4%

Admin fee / account holder

$117

$6,200-98.1%

$3,848-97.0%

$11,252-99.0%

403(B) THRIFT PLAN OF FORTE INTERNATIONAL EXCHANGE ASSOCIATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF FORTE INTERNATIONAL EXCHANGE ASSOCIATION

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