Retirement plan

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC

Name: FRIENDS COMMITTEE ON NATIONAL LEGISLATION - EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC (2019) 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 ON NATIONAL LEGISLATION, INC, FRIENDS COMMITTEE ON NATIONAL LEGISLATION

FRIENDS COMMITTEE ON NATIONAL LEGISLATIONEIN 53-0178883Plan #001PY 2019

245 2ND STREET NE - WASHINGTON, DC 20002202-903-2509fcnl.orgLinkedIn51-200 employeesgovernment relations

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

+25.4% from 2018

Total participants

+19.8% from 2018

Average account balance

$47,202

+0.7% from 2018

Annual return

19.32%

+24.23 pp from 2018

Benchmarks

See 8,599 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,599 peers

Snapshot2019

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

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$324K

$5898 / participant

Other / not subdivided$324K100.0%

% of EOY assets

8.484%

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

$47,202

$54,757-13.8%

$90,304-47.7%

$72,975-35.3%

Participation rate

70.9%

65.2%+5.8pp

73.3%-2.4pp

69.5%+1.4pp

Annual return

19.32%

30.63%-11.3pp

78.13%-58.8pp

81.01%-61.7pp

Employer contribution / active EE

$4,160

$2,093+98.7%

$2,855+45.7%

$2,440+70.5%

Participant deferral / active EE

$4,716

$2,887+63.3%

$3,885+21.4%

$3,608+30.7%

Admin fee / account holder

$4,005

$3,973+0.8%

$5,354-25.2%

$5,124-21.8%

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC

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