Retirement plan

403(B) ANNUITY FOR THE EMPLOYEES OF U.S. FORMER MEMBERS OF CONGRESS.

Name: FORMER MEMBERS OF CONGRESS OF CONGRESS - 403(B) ANNUITY FOR THE EMPLOYEES OF U.S. FORMER MEMBERS OF CONGRESS. (2018) Form 5500
Creator: FORMER MEMBERS OF CONGRESS OF CONGRESS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) ANNUITY FOR THE EMPLOYEES OF U.S. FORMER MEMBERS OF CONGRESS., FORMER MEMBERS OF CONGRESS OF CONGRESS

FORMER MEMBERS OF CONGRESS OF CONGRESSEIN 54-0883744Plan #001PY 2018

1401 K STREET, NW, SUITE 503 - WASHINGTON, DC 20005202-222-0972usafmc.orgLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$627K

+7.5% from 2017

Total participants

+5.3% from 2017

Average account balance

$33,015

-9.5% from 2017

Annual return

-4.72%

-21.19 pp from 2017

Benchmarks

See 33,727 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,727 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$119K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17121

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 codes2G2L

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$27K

$2681 / participant

Other / not subdivided$27K100.0%

% of EOY assets

4.274%

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

$33,015

$90,606-63.6%

$79,466-58.5%

$135,379-75.6%

Participation rate

90.0%

76.0%+14.0pp

73.3%+16.7pp

82.6%+7.4pp

Annual return

-4.72%

977.69%-982.4pp

718.28%-723.0pp

519.79%-524.5pp

Employer contribution / active EE

$6,928

$3,068+125.8%

$2,800+147.4%

$4,779+45.0%

Participant deferral / active EE

$2,893

$4,050-28.6%

$3,704-21.9%

$5,609-48.4%

Admin fee / account holder

$1,411

$5,895-76.1%

$5,104-72.4%

$10,828-87.0%

403(B) ANNUITY FOR THE EMPLOYEES OF U.S. FORMER MEMBERS OF CONGRESS.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) ANNUITY FOR THE EMPLOYEES OF U.S. FORMER MEMBERS OF CONGRESS.

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