Retirement plan

PRESERVATION VIRGINIA RETIREMENT PLAN

Name: THE ASSOC FOR THE PRESERV. OF VA ANTIQUITIES - PRESERVATION VIRGINIA RETIREMENT PLAN (2024) Form 5500
Creator: THE ASSOC FOR THE PRESERV. OF VA ANTIQUITIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRESERVATION VIRGINIA RETIREMENT PLAN, THE ASSOC FOR THE PRESERV. OF VA ANTIQUITIES

THE ASSOC FOR THE PRESERV. OF VA ANTIQUITIESEIN 54-0568800Plan #001PY 2024

204 W. FRANKLIN ST. - RICHMOND, VA 23220804-648-1889

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4M

+20.4% from 2023

Total participants

+6.3% from 2023

Average account balance

$48,258

+11.7% from 2023

Annual return

12.27%

-4.44 pp from 2023

Benchmarks

See 3,317 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,317 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01M

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.

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.

136.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$614

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

0 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 codes2S2M3D2G2F2T

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$836 / participant

Other / not subdivided$51K100.0%

% of EOY assets

1.273%

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

$48,258

$51,638-6.5%

$129,406-62.7%

$80,959-40.4%

Participation rate

98.4%

56.9%+41.4pp

69.6%+28.7pp

67.7%+30.7pp

Annual return

12.27%

20.78%-8.5pp

9468.18%-9455.9pp

35.67%-23.4pp

Employer contribution / active EE

$37

$1,584-97.7%

$4,155-99.1%

$2,757-98.7%

Participant deferral / active EE

$4,846

$2,670+81.5%

$4,167+16.3%

$4,300+12.7%

Admin fee / account holder

$614

$4,313-85.8%

$7,689-92.0%

$6,925-91.1%

PRESERVATION VIRGINIA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRESERVATION VIRGINIA RETIREMENT PLAN

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