Retirement plan

THE RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE COLONIAL WILLIAMSBURG FOUNDATION

Name: THE COLONIAL WILLIAMSBURG FOUNDATION - THE RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE COLONIAL WILLIAMSBURG FOUNDATION (2023) Form 5500
Creator: THE COLONIAL WILLIAMSBURG FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE COLONIAL WILLIAMSBURG FOUNDATION, THE COLONIAL WILLIAMSBURG FOUNDATION

THE COLONIAL WILLIAMSBURG FOUNDATIONEIN 54-0505888Plan #001PY 2023

POST OFFICE BOX 1776 - WILLIAMSBURG, VA 231871776757-229-1000colonialwilliamsburg.orgLinkedIn1001-5000 employeesmuseums and institutions

Other plans on this EIN

2 filings

#004Retirement-$91.3M assets #005Retirement-$2.7M assets

Prospect flagsHigh retiree %Low returnsWind-down / frozen

How to read this page

Total assets (EOY)

$291.5M

+0.1% from 2016

Total participants

4,384

-1.0% from 2016

Average account balance

No prior year

Annual return

1.84%

-3.94 pp from 2016

Benchmarks

See 831 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort831 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$259.72M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

2,683

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-1.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
INVESTURE EVERGREEN FUND9+ years Service code 28 · EIN 20-5583068	Investment Management	$635,906
AON CONSULTING9+ years Service code 11 · EIN 22-2232264	Actuarial	$277,770
STRATEGIC ADVISORS, INC.5 years Filed as: STRATEGIC INVESTMENT GROUP Service code 28 · EIN 54-1540117	Investment Management	$269,119
THE BANK OF NEW YORK MELLON9+ years Filed as: BANK OF NEW YORK MELLON Service code 18 · EIN 13-5160382	Trustee (bank, trust company, or simi...	$155,075
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INSTITUTIONAL ASSET Service code 50 · EIN 20-2159373	Direct Payment	$92,967
BDO USA, LLP2 years Filed as: BDO USA Service code 10 · EIN 13-5381590	Accounting	$34,132
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INVESTMENT TRUST CO. Service code 28 1 ORANGE WAY · WINDSOR, CT 06095	Investment Management	$33,042

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$2700 / participant

Trustee / custodial$113K3.8%
Investment mgmt$1M34.9%
Actuarial$278K9.4%
Contract admin$42K1.4%
Other / not subdivided$1M50.4%

% of EOY assets

1.013%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $34,132
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,363-100.0%

$339,002-100.0%

$13,363-100.0%

Participation rate

0.0%

2.2%-2.2pp

39.1%-39.1pp

2.2%-2.2pp

Annual return

1.84%

9.11%-7.3pp

12.78%-10.9pp

9.11%-7.3pp

Employer contribution / active EE

$12,231-100.0%

$44,816-100.0%

$12,231-100.0%

Participant deferral / active EE

$1,272-100.0%

$33-100.0%

$1,272-100.0%

Admin fee / account holder

$125-100.0%

$2,002-100.0%

$125-100.0%

Provider

Service type

Compensation

INVESTURE EVERGREEN FUND9+ years

Service code 28 · EIN 20-5583068

Investment Management

$635,906

AON CONSULTING9+ years

Service code 11 · EIN 22-2232264

Actuarial

$277,770

STRATEGIC ADVISORS, INC.5 years

Filed as: STRATEGIC INVESTMENT GROUP

Service code 28 · EIN 54-1540117

Investment Management

$269,119

THE BANK OF NEW YORK MELLON9+ years

Filed as: BANK OF NEW YORK MELLON

Service code 18 · EIN 13-5160382

Trustee (bank, trust company, or simi...

$155,075

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INSTITUTIONAL ASSET

Service code 50 · EIN 20-2159373

Direct Payment

$92,967

BDO USA, LLP2 years

Filed as: BDO USA

Service code 10 · EIN 13-5381590

Accounting

$34,132

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INVESTMENT TRUST CO.

Service code 28

1 ORANGE WAY · WINDSOR, CT 06095

Investment Management

$33,042

THE RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE COLONIAL WILLIAMSBURG FOUNDATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE COLONIAL WILLIAMSBURG FOUNDATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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