Retirement plan

EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC.

Name: FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC. - EMPLOYEE BENEFIT PLAN OF FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC. (2022) Form 5500
Creator: FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC.
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, INC.

FRIENDS COMMITTEE ON NATIONAL LEGISLATION, INC.EIN 53-0178883Plan #001PY 2022

245 2ND STREET NE - WASHINGTON, DC 20002202-903-2535fcnl.orgLinkedIn51-200 employeesgovernment relations

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.2M

-4.1% from 2021

Total participants

153

+14.2% from 2021

Average account balance

$34,303

-17.3% from 2021

Annual return

-17.54%

-32.16 pp from 2021

Benchmarks

See 9,363 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,363 peers

Snapshot2022

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 2 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT1 year Filed as: MILLENNIUM INV & RETIREMENT Service code 27 · EIN 94-3428956	Advisory (Plan)	$20,127
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$14,061

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

$34K

$503 / participant

Investment mgmt$20K58.9%
Contract admin$14K41.1%

% of EOY assets

0.656%

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

$34,303

$54,355-36.9%

$82,744-58.5%

$68,486-49.9%

Participation rate

98.5%

63.9%+34.6pp

72.6%+26.0pp

67.9%+30.6pp

Annual return

-17.54%

-13.67%-3.9pp

702.22%-719.8pp

-7.85%-9.7pp

Employer contribution / active EE

$5,924

$2,219+167.0%

$3,008+96.9%

$2,597+128.1%

Participant deferral / active EE

$5,715

$3,246+76.0%

$4,395+30.0%

$4,028+41.9%

Admin fee / account holder

$225

$4,397-94.9%

$5,325-95.8%

$5,404-95.8%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT1 year

Filed as: MILLENNIUM INV & RETIREMENT

Service code 27 · EIN 94-3428956

Advisory (Plan)

$20,127

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$14,061

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