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 (2020) 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 2020

209 MADISON STREET - FREDERICK, MD 21701301-662-8173hacfrederick.orgLinkedIn1-10 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.9M

+9.7% from 2019

Total participants

+16.7% from 2019

Average account balance

$95,752

-3.6% from 2019

Annual return

9.26%

-10.89 pp from 2019

Benchmarks

See 8,769 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,769 peers

Snapshot2020

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$221K

$5810 / participant

Other / not subdivided$221K100.0%

% of EOY assets

5.624%

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

$95,752

$60,128+59.2%

$90,440+5.9%

$79,852+19.9%

Participation rate

97.4%

65.0%+32.4pp

72.7%+24.7pp

69.6%+27.7pp

Annual return

9.26%

71.95%-62.7pp

1294.38%-1285.1pp

31.72%-22.5pp

Employer contribution / active EE

$2,861

$2,068+38.3%

$3,263-12.3%

$2,471+15.8%

Participant deferral / active EE

$2,861

$2,939-2.6%

$3,964-27.8%

$3,740-23.5%

Admin fee / account holder

$5,385

$3,977+35.4%

$5,615-4.1%

$5,306+1.5%

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