Retirement plan

NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES DEFINED CONTRIBUTION RETIREMENT AND TAX DEFERRED ANNUITY PLAN

Name: NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES - NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES DEFINED CONTRIBUTION RETIREMENT AND TAX DEFERRED ANNUITY PLAN (2018) Form 5500
Creator: NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES DEFINED CONTRIBUTION RETIREMENT AND TAX DEFERRED ANNUITY PLAN, NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES

NATIONAL INSTITUTE OF AEROSPACE ASSOCIATESEIN 54-2065665Plan #001PY 2018

100 EXPLORATION WAY - HAMPTON, VA 236666266757-325-6740

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$21.2M

-1.7% from 2017

Total participants

239

+6.2% from 2017

Average account balance

$88,844

-7.4% from 2017

Annual return

-4.28%

-21.79 pp from 2017

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.95M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

215

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$493K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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

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 codes2L2F2C2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,844

$55,002+61.5%

$59,887+48.4%

$56,287+57.8%

Participation rate

100.0%

75.9%+24.1pp

74.7%+25.3pp

69.9%+30.1pp

Annual return

-4.28%

1.13%-5.4pp

3.46%-7.7pp

-9.96%+5.7pp

Employer contribution / active EE

$6,276

$2,448+156.4%

$2,722+130.5%

$2,111+197.3%

Participant deferral / active EE

$5,586

$3,121+79.0%

$3,402+64.2%

$3,350+66.8%

Admin fee / account holder

$236-100.0%

$3,591-100.0%

$521-100.0%

NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES DEFINED CONTRIBUTION RETIREMENT AND TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES DEFINED CONTRIBUTION RETIREMENT AND TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion