Retirement plan

403(B)THRIFT PLAN OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC.

Name: ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC. - 403(B)THRIFT PLAN OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC. (2023) Form 5500
Creator: ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B)THRIFT PLAN OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC., ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC.

ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC.EIN 54-0573802Plan #003PY 2023

215 67TH ST - VIRGINIA BEACH, VA 234512061757-428-3588LinkedIn51-200 employeesinternet

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.7M

-22.1% from 2021

Total participants

+19.4% from 2021

Average account balance

$23,348

-22.1% from 2021

Annual return

11.35%

-2.66 pp from 2021

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.34M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

119.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8313

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 codes2F2G

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.

Opportunity flags

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$483K

$8952 / participant

Other / not subdivided$483K100.0%

% of EOY assets

28.758%

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

$23,348

$57,330-59.3%

$86,656-73.1%

$75,177-68.9%

Participation rate

74.1%

63.2%+10.9pp

71.7%+2.4pp

67.2%+6.9pp

Annual return

11.35%

2675.40%-2664.0pp

593.09%-581.7pp

160.75%-149.4pp

Employer contribution / active EE

$511

$2,316-77.9%

$3,025-83.1%

$2,671-80.9%

Participant deferral / active EE

$934

$3,320-71.9%

$4,439-79.0%

$4,126-77.4%

Admin fee / account holder

$6,714

$4,115+63.2%

$5,619+19.5%

$5,651+18.8%

403(B)THRIFT PLAN OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B)THRIFT PLAN OF ASSOCIATION FOR RESEARCH AND ENLIGHTENMENT, 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