Retirement plan

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE 403(B) PLAN

Name: THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE - THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE 403(B) PLAN (2019) Form 5500
Creator: THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE 403(B) PLAN, THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEEEIN 62-1471789Plan #001PY 2019

3833 CLEGHORN AVENUE, SUITE 400 - NASHVILLE, TN 372152519615-321-4939cfmt.orgLinkedIn11-50 employeesphilanthropy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.1M

+28.4% from 2018

Total participants

+18.4% from 2018

Average account balance

$95,802

+16.3% from 2018

Annual return

24.23%

+31.01 pp from 2018

Benchmarks

See 8,599 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,599 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

137.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$407K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55678

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 codes2L2E2F2G2J3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

$41K

$828 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.799%

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

$95,802

$54,757+75.0%

$90,304+6.1%

$72,975+31.3%

Participation rate

89.8%

65.2%+24.6pp

73.3%+16.5pp

69.5%+20.3pp

Annual return

24.23%

30.63%-6.4pp

78.13%-53.9pp

81.01%-56.8pp

Employer contribution / active EE

$1,643

$2,093-21.5%

$2,855-42.5%

$2,440-32.7%

Participant deferral / active EE

$2,571

$2,887-11.0%

$3,885-33.8%

$3,608-28.7%

Admin fee / account holder

$766

$3,973-80.7%

$5,354-85.7%

$5,124-85.1%

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE 403(B) 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