Retirement plan

HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION, INC. 403(B) RETIREMENT PLAN

Name: HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOC., INC. - HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION, INC. 403(B) RETIREMENT PLAN (2020) Form 5500
Creator: HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOC., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION, INC. 403(B) RETIREMENT PLAN, HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOC., INC.

HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOC., INC.EIN 54-0843118Plan #002PY 2020

5200 HAMPTON BLVD - NORFOLK, VA 235081507757-889-9400LinkedIn1-10 employeestelecommunications

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.3M

+5.8% from 2019

Total participants

191

+0.5% from 2019

Average account balance

$48,496

+5.2% from 2019

Annual return

12.85%

+7.47 pp from 2019

Benchmarks

See 909 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort909 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$16.61M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

188

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

$929K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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 10 of 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$8,279
ASCENSUS LLC1 year Filed as: ADMIN PARTNERS, LLC Service code 13 · EIN 26-3310639	Contract Administrator	$7,893
AMERICAN CENTURY1 year Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BAIRD FUNDS1 year Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
COHEN & STEERS1 year Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 46-5215217	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2L2G2S2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$77 / participant

Investment mgmt$8K98.4%
Contract admin$1301.6%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHARLES W. SNADER, P.C.
Auditor EIN: 541873714
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,496

$66,813-27.4%

$100,516-51.8%

$73,488-34.0%

Participation rate

100.0%

77.5%+22.5pp

79.4%+20.6pp

70.7%+29.3pp

Annual return

12.85%

25.70%-12.8pp

30.89%-18.0pp

28.51%-15.7pp

Employer contribution / active EE

$1,895

$2,147-11.7%

$3,418-44.6%

$2,270-16.5%

Participant deferral / active EE

$2,927

$5,883-50.3%

$6,270-53.3%

$3,740-21.7%

Admin fee / account holder

$43

$512-91.5%

$8,081-99.5%

$513-91.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$8,279

ASCENSUS LLC1 year

Filed as: ADMIN PARTNERS, LLC

Service code 13 · EIN 26-3310639

Contract Administrator

$7,893

AMERICAN CENTURY1 year

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BAIRD FUNDS1 year

Service code 52 · EIN 39-6037917

Indirect Investment Fees

COHEN & STEERS1 year

Service code 52 · EIN 14-1904657

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 46-5215217

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMPTON ROADS EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION, INC. 403(B) 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