Retirement plan

CHARLESTON SYMPHONY ORCHESTRA 401(K) PLAN

Name: CHARLESTON SYMPHONY ORCHESTRA - CHARLESTON SYMPHONY ORCHESTRA 401(K) PLAN (2023) Form 5500
Creator: CHARLESTON SYMPHONY ORCHESTRA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLESTON SYMPHONY ORCHESTRA 401(K) PLAN, CHARLESTON SYMPHONY ORCHESTRA

CHARLESTON SYMPHONY ORCHESTRAEIN 57-6000192Plan #003PY 2023

PO BOX 30818 - CHARLESTON, SC 29417843-723-7528csolinc.orgLinkedIn1-10 employeesperforming arts

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$810K

+78.6% from 2022

Total participants

+130.3% from 2022

Average account balance

$25,297

+84.2% from 2022

Annual return

21.54%

+40.42 pp from 2022

Benchmarks

See 3,103 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,103 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.15M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

102.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$244K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$581

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 codes2E2F2G2J2T3D

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$8K

$113 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.020%

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

$25,297

$49,199-48.6%

$121,210-79.1%

$75,177-66.4%

Participation rate

39.7%

55.4%-15.7pp

69.5%-29.8pp

67.2%-27.5pp

Annual return

21.54%

56.04%-34.5pp

987.41%-965.9pp

160.75%-139.2pp

Employer contribution / active EE

$1,214

$1,547-21.6%

$4,171-70.9%

$2,671-54.6%

Participant deferral / active EE

$2,355

$2,630-10.5%

$4,084-42.3%

$4,126-42.9%

Admin fee / account holder

$258

$3,946-93.5%

$5,647-95.4%

$5,651-95.4%

CHARLESTON SYMPHONY ORCHESTRA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLESTON SYMPHONY ORCHESTRA 401(K) 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