Retirement plan

MIDDLE DISTRICT DEFENDERS PROGRAM PROFIT SHARING PLAN

Name: MIDDLE DISTRICT OF ALABAMA FEDERAL DEFENDERS PROGRAM, INC. - MIDDLE DISTRICT DEFENDERS PROGRAM PROFIT SHARING PLAN (2020) Form 5500
Creator: MIDDLE DISTRICT OF ALABAMA FEDERAL DEFENDERS PROGRAM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDDLE DISTRICT DEFENDERS PROGRAM PROFIT SHARING PLAN, MIDDLE DISTRICT OF ALABAMA FEDERAL DEFENDERS PROGRAM, INC.

MIDDLE DISTRICT OF ALABAMA FEDERAL DEFENDERS PROGRAM, INC.EIN 63-1134720Plan #001PY 2020

817 SOUTH COURT STREET - MONTGOMERY, AL 36104334-834-2099almfd.orgLinkedIn11-50 employeeslegal services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.9M

+15.9% from 2019

Total participants

-2.3% from 2019

Average account balance

$139,498

+18.7% from 2019

Annual return

9.98%

+6.80 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.87M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11380

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$375K

$11719 / participant

Other / not subdivided$375K100.0%

% of EOY assets

6.400%

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

$139,498

$98,760+41.2%

$149,715-6.8%

$79,858+74.7%

Participation rate

100.0%

75.8%+24.2pp

82.5%+17.5pp

69.6%+30.4pp

Annual return

9.98%

27.43%-17.4pp

276.66%-266.7pp

31.72%-21.7pp

Employer contribution / active EE

$13,325

$3,217+314.2%

$4,645+186.9%

$2,471+439.3%

Participant deferral / active EE

$7,226

$5,681+27.2%

$6,842+5.6%

$3,740+93.2%

Admin fee / account holder

$8,929

$6,053+47.5%

$9,310-4.1%

$5,306+68.3%

MIDDLE DISTRICT DEFENDERS PROGRAM PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDDLE DISTRICT DEFENDERS PROGRAM PROFIT SHARING 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