Retirement plan

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE

Name: FRIENDS COMMITTEE ON NATIONAL LEGISLATION - EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE (2024) Form 5500
Creator: FRIENDS COMMITTEE ON NATIONAL LEGISLATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE, FRIENDS COMMITTEE ON NATIONAL LEGISLATION

FRIENDS COMMITTEE ON NATIONAL LEGISLATIONEIN 53-0178883Plan #001PY 2024

245 2ND STREET NE - WASHINGTON, DC 20002202-903-2514fcnl.orgLinkedIn51-200 employeesgovernment relations

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.1M

+23.2% from 2023

Total participants

168

+20.0% from 2023

Average account balance

$48,084

+2.0% from 2023

Annual return

14.24%

-3.71 pp from 2023

Benchmarks

See 10,646 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,646 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.08M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

168

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

$876K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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
MILLENNIUM INVESTMENT & RETIREMENT3 years Filed as: MILLENNIUM INV & RETIREMENT Service code 27 · EIN 94-3428956	Advisory (Plan)	$20,756
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$14,606
EVERENCE TRUST COMPANY1 year Service code 27 · EIN 35-2140529	Advisory (Plan)	$7,008

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$695 / participant

Investment mgmt$28K65.5%
Contract admin$15K34.5%

% of EOY assets

0.525%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,084

$58,311-17.5%

$81,882-41.3%

$80,959-40.6%

Participation rate

100.0%

63.5%+36.5pp

72.4%+27.6pp

67.7%+32.3pp

Annual return

14.24%

41.85%-27.6pp

779.47%-765.2pp

35.67%-21.4pp

Employer contribution / active EE

$8,275

$2,347+252.6%

$2,916+183.8%

$2,757+200.1%

Participant deferral / active EE

$6,084

$3,287+85.1%

$4,323+40.7%

$4,300+41.5%

Admin fee / account holder

$252

$4,752-94.7%

$7,360-96.6%

$6,925-96.4%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT3 years

Filed as: MILLENNIUM INV & RETIREMENT

Service code 27 · EIN 94-3428956

Advisory (Plan)

$20,756

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$14,606

EVERENCE TRUST COMPANY1 year

Service code 27 · EIN 35-2140529

Advisory (Plan)

$7,008

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE

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