Retirement plan

THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY 403(B) RETIREMENT PLAN

Name: THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY - THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY 403(B) RETIREMENT PLAN (2016) Form 5500
Creator: THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY 403(B) RETIREMENT PLAN, THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY

THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTYEIN 56-0526856Plan #001PY 2016

251 N. SPRUCE STREET - WINSTON-SALEM, NC 27101336-747-1415intothearts.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$420K

-20.1% from 2015

Total participants

-15.2% from 2015

Average account balance

$16,166

-7.8% from 2015

Annual return

2.82%

+1.28 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$509K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

176.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3354

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 codes2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$173K

$11534 / participant

Other / not subdivided$173K100.0%

% of EOY assets

41.162%

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

$16,166

$90,486-82.1%

$78,676-79.5%

$273,972-94.1%

Participation rate

86.7%

76.5%+10.1pp

73.6%+13.1pp

83.0%+3.7pp

Annual return

2.82%

75.62%-72.8pp

62.19%-59.4pp

41.46%-38.6pp

Employer contribution / active EE

$865

$3,175-72.8%

$2,850-69.6%

$4,869-82.2%

Participant deferral / active EE

$2,629

$3,901-32.6%

$3,517-25.2%

$5,287-50.3%

Admin fee / account holder

$6,654

$5,263+26.4%

$4,510+47.5%

$10,133-34.3%

THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARTS COUNCIL OF WINSTON-SALEM AND FORSYTH COUNTY 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