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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

-25.7% from 2023

Total participants

-7.6% from 2023

Average account balance

$99,071

-20.6% from 2023

Annual return

16.43%

-4.90 pp from 2023

Benchmarks

See 10,680 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,680 peers

Snapshot2024

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

$3.6M

$105204 / participant

Other / not subdivided$4M100.0%

% of EOY assets

61.194%

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

$99,071

$58,241+70.1%

$81,780+21.1%

$80,911+22.4%

Participation rate

94.1%

63.4%+30.7pp

72.4%+21.8pp

67.6%+26.5pp

Annual return

16.43%

41.73%-25.3pp

776.27%-759.8pp

35.63%-19.2pp

Employer contribution / active EE

$2,752

$2,343+17.4%

$2,914-5.6%

$2,756-0.1%

Participant deferral / active EE

$5,005

$3,283+52.5%

$4,321+15.8%

$4,297+16.5%

Admin fee / account holder

$60,626

$4,973+1119.1%

$7,384+721.1%

$6,935+774.3%

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