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 (2023) 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 2023

3421 BELMONT BOULEVARD - NASHVILLE, TN 372152519615-321-4939cfmt.orgLinkedIn11-50 employeesphilanthropy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

+24.9% from 2022

Total participants

+13.8% from 2022

Average account balance

$124,830

+13.0% from 2022

Annual return

21.32%

+39.08 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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 codes2F2G2J2L

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.
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.

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

$70K

$1789 / participant

Other / not subdivided$70K100.0%

% of EOY assets

0.887%

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

$124,830

$57,305+117.8%

$86,640+44.1%

$75,173+66.1%

Participation rate

92.3%

63.2%+29.1pp

71.7%+20.6pp

67.2%+25.1pp

Annual return

21.32%

2674.24%-2652.9pp

592.52%-571.2pp

160.72%-139.4pp

Employer contribution / active EE

$2,857

$2,316+23.3%

$3,024-5.5%

$2,671+6.9%

Participant deferral / active EE

$4,629

$3,320+39.4%

$4,438+4.3%

$4,126+12.2%

Admin fee / account holder

$1,108

$4,116-73.1%

$5,616-80.3%

$5,651-80.4%

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