Retirement plan

PALM BEACH OPERA TAX DEFERRED ANNUITY PLAN

Name: PALM BEACH OPERA - PALM BEACH OPERA TAX DEFERRED ANNUITY PLAN (2020) Form 5500
Creator: PALM BEACH OPERA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALM BEACH OPERA TAX DEFERRED ANNUITY PLAN, PALM BEACH OPERA

PALM BEACH OPERAEIN 59-1060864Plan #001PY 2020

1800 S. AUSTRALIAN AVENUE, SUITE 301 - WEST PALM BEACH, FL 33409561-835-7565pbopera.orgLinkedIn11-50 employeesperforming arts

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$472K

-41.3% from 2019

Total participants

+7.4% from 2019

Average account balance

$16,851

-43.4% from 2019

Annual return

2.48%

+1.37 pp from 2019

Benchmarks

See 7,661 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort7,661 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$900K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

44.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$710

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

+16.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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 codes2F2G2L2M2T3D

Plan features

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$426K

$32761 / participant

Other / not subdivided$426K100.0%

% of EOY assets

90.265%

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

$16,851

$176,402-90.4%

$134,162-87.4%

$158,966-89.4%

Participation rate

92.3%

78.7%+13.6pp

72.2%+20.1pp

82.0%+10.3pp

Annual return

2.48%

63.66%-61.2pp

36.35%-33.9pp

302.95%-300.5pp

Employer contribution / active EE

$2,204

$5,042-56.3%

$3,705-40.5%

$4,762-53.7%

Participant deferral / active EE

$3,479

$4,093-15.0%

$3,500-0.6%

$5,983-41.9%

Admin fee / account holder

$15,210

$8,719+74.5%

$6,685+127.5%

$11,250+35.2%

PALM BEACH OPERA TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALM BEACH OPERA TAX DEFERRED ANNUITY 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