Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR ATLANTIC CENTER FOR THE ARTS, INC.

Name: ATLANTIC CENTER FOR THE ARTS, INC. - SECTION 403(B) RETIREMENT PLAN FOR ATLANTIC CENTER FOR THE ARTS, INC. (2024) Form 5500
Creator: ATLANTIC CENTER FOR THE ARTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR ATLANTIC CENTER FOR THE ARTS, INC., ATLANTIC CENTER FOR THE ARTS, INC.

ATLANTIC CENTER FOR THE ARTS, INC.EIN 59-1998321Plan #002PY 2024

1414 ART CENTER AVE. - NEW SMYRNA BEACH, FL 32168386-427-6975atlanticcenterforthearts.orgLinkedIn11-50 employeesfine art

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$736K

+4.4% from 2023

Total participants

-35.3% from 2023

Average account balance

$66,941

+42.4% from 2023

Annual return

12.56%

-0.44 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$736K

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9277

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 codes2F2G2L

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.

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

$102K

$9277 / participant

Other / not subdivided$102K100.0%

% of EOY assets

13.859%

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

$66,941

$88,815-24.6%

$81,882-18.2%

$145,897-54.1%

Participation rate

100.0%

75.1%+24.9pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

12.56%

1033.75%-1021.2pp

779.47%-766.9pp

552.29%-539.7pp

Employer contribution / active EE

$1,686

$3,086-45.4%

$2,916-42.2%

$4,663-63.8%

Participant deferral / active EE

$2,386

$4,647-48.7%

$4,323-44.8%

$6,689-64.3%

Admin fee / account holder

$9,277

$8,434+10.0%

$7,360+26.1%

$13,390-30.7%

SECTION 403(B) RETIREMENT PLAN FOR ATLANTIC CENTER FOR THE ARTS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR ATLANTIC CENTER FOR THE ARTS, INC.

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