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. (2020) 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 2020

1401 K STREET, NW #901, 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)

$1.1M

+29.9% from 2019

Total participants

-8.7% from 2019

Average account balance

$51,867

+42.2% from 2019

Annual return

17.07%

-4.86 pp from 2019

Benchmarks

See 36,205 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,205 peers

Snapshot2020

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

$7K

$538 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.643%

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

$51,867

$100,911-48.6%

$90,440-42.7%

$158,966-67.4%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

17.07%

1726.62%-1709.6pp

1294.38%-1277.3pp

302.95%-285.9pp

Employer contribution / active EE

$6,119

$3,690+65.8%

$3,263+87.5%

$4,762+28.5%

Participant deferral / active EE

$2,676

$4,348-38.5%

$3,964-32.5%

$5,983-55.3%

Admin fee / account holder

$333

$6,507-94.9%

$5,615-94.1%

$11,250-97.0%

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