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. (2023) 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 2023

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)

$6.6M

+25.7% from 2022

Total participants

140

-8.5% from 2022

Average account balance

$47,158

+37.5% from 2022

Annual return

17.94%

+35.49 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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 & RETIREMENT2 years Filed as: MILLENNIUM INV & RETIREMENT Service code 27 · EIN 94-3428956	Advisory (Plan)	$22,129
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$16,523

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

$39K

$577 / participant

Investment mgmt$22K57.3%
Contract admin$17K42.7%

% of EOY assets

0.590%

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

$47,158

$57,305-17.7%

$86,640-45.6%

$75,173-37.3%

Participation rate

98.5%

63.2%+35.3pp

71.7%+26.8pp

67.2%+31.3pp

Annual return

17.94%

2674.24%-2656.3pp

592.52%-574.6pp

160.72%-142.8pp

Employer contribution / active EE

$6,346

$2,316+174.0%

$3,024+109.8%

$2,671+137.6%

Participant deferral / active EE

$5,483

$3,320+65.2%

$4,438+23.5%

$4,126+32.9%

Admin fee / account holder

$278

$4,116-93.2%

$5,616-95.0%

$5,651-95.1%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT2 years

Filed as: MILLENNIUM INV & RETIREMENT

Service code 27 · EIN 94-3428956

Advisory (Plan)

$22,129

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$16,523

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