Retirement plan

ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY 401(K) PROFIT SHARING PLAN

Name: ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY - ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY 401(K) PROFIT SHARING PLAN, ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY

ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITYEIN 63-6050895Plan #001PY 2019

2112 11TH AVENUE SOUTH, SUITE 400 - BIRMINGHAM, AL 35205205-451-0134

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+33.8% from 2018

Total participants

+1.9% from 2018

Average account balance

$35,692

+28.1% from 2018

Annual return

21.35%

+21.35 pp from 2018

Benchmarks

See 3,017 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,017 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

141.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$269K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3188

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 codes2E2F2J2T3D

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).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$37K

$861 / participant

Other / not subdivided$37K100.0%

% of EOY assets

2.208%

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

$35,692

$63,365-43.7%

$91,994-61.2%

$72,975-51.1%

Participation rate

86.0%

72.5%+13.5pp

78.6%+7.4pp

69.5%+16.6pp

Annual return

21.35%

35.35%-14.0pp

69.04%-47.7pp

81.01%-59.7pp

Employer contribution / active EE

$1,756

$2,116-17.0%

$3,453-49.1%

$2,440-28.0%

Participant deferral / active EE

$2,737

$4,883-44.0%

$5,924-53.8%

$3,608-24.1%

Admin fee / account holder

$788

$4,670-83.1%

$7,744-89.8%

$5,124-84.6%

ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY 401(K) 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