Retirement plan

HOUSING AUTHORITY OF THE CITY OF FREDERICK MONEY PURCHASE PLAN

Name: HOUSING AUTHORITY OF THE CITY OF FREDERICK - HOUSING AUTHORITY OF THE CITY OF FREDERICK MONEY PURCHASE PLAN (2024) Form 5500
Creator: HOUSING AUTHORITY OF THE CITY OF FREDERICK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOUSING AUTHORITY OF THE CITY OF FREDERICK MONEY PURCHASE PLAN, HOUSING AUTHORITY OF THE CITY OF FREDERICK

HOUSING AUTHORITY OF THE CITY OF FREDERICKEIN 52-6001395Plan #001PY 2024

209 MADISON ST - FREDERICK, MD 217016536301-662-8173hacfrederick.orgLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.6M

+11.3% from 2023

Total participants

+4.1% from 2023

Average account balance

$98,862

+13.7% from 2023

Annual return

14.47%

-4.69 pp from 2023

Benchmarks

See 10,689 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,689 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.65M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

117.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$226K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8174

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 codes2C3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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

$384K

$9604 / participant

Other / not subdivided$384K100.0%

% of EOY assets

8.268%

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

$98,862

$58,234+69.8%

$81,783+20.9%

$80,874+22.2%

Participation rate

90.0%

63.4%+26.6pp

72.4%+17.6pp

67.6%+22.4pp

Annual return

14.47%

41.70%-27.2pp

775.05%-760.6pp

35.62%-21.2pp

Employer contribution / active EE

$2,829

$2,341+20.8%

$2,913-2.9%

$2,756+2.7%

Participant deferral / active EE

$2,829

$3,283-13.8%

$4,320-34.5%

$4,297-34.2%

Admin fee / account holder

$8,174

$4,982+64.1%

$7,380+10.8%

$6,935+17.9%

HOUSING AUTHORITY OF THE CITY OF FREDERICK MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUSING AUTHORITY OF THE CITY OF FREDERICK MONEY PURCHASE 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