Retirement plan

FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC. PROFIT SHARING PLAN

Name: FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC. - FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC. PROFIT SHARING PLAN, FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC.

FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC.EIN 54-1395291Plan #001PY 2020

P O BOX 922 - FREDERICKSBURG, VA 224040922540-371-1001famcc.orgLinkedIn11-50 employeesmuseums and institutions

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$234K

+4.4% from 2019

Total participants

+16.7% from 2019

Average account balance

$16,689

-10.5% from 2019

Annual return

-0.32%

-2.72 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77K

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

185.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5283

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 codes2E2F2G2J3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$440 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.753%

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

$16,689

$100,895-83.5%

$90,430-81.5%

$158,950-89.5%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

-0.32%

1725.54%-1725.9pp

1293.73%-1294.0pp

302.91%-303.2pp

Employer contribution / active EE

$1,129

$3,689-69.4%

$3,262-65.4%

$4,762-76.3%

Participant deferral / active EE

$1,950

$4,347-55.2%

$3,963-50.8%

$5,983-67.4%

Admin fee / account holder

$126

$6,505-98.1%

$5,613-97.8%

$11,248-98.9%

FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, INC. PROFIT SHARING 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