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. (2023) 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 2023

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)

$705K

+15.9% from 2022

Total participants

-10.5% from 2022

Average account balance

$47,000

+23.6% from 2022

Annual return

13.00%

+25.54 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

$50K

$2919 / participant

Other / not subdivided$50K100.0%

% of EOY assets

7.038%

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

$47,000

$96,691-51.4%

$86,656-45.8%

$139,487-66.3%

Participation rate

88.2%

74.4%+13.8pp

71.7%+16.5pp

80.3%+7.9pp

Annual return

13.00%

106.87%-93.9pp

593.09%-580.1pp

373.84%-360.8pp

Employer contribution / active EE

$1,508

$3,267-53.8%

$3,025-50.1%

$4,755-68.3%

Participant deferral / active EE

$2,451

$4,838-49.3%

$4,439-44.8%

$6,713-63.5%

Admin fee / account holder

$3,308

$6,414-48.4%

$5,619-41.1%

$11,407-71.0%

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