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 (2023) 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 2023

2112 11TH AVENUE SOUTH, SUITE 400 - BIRMINGHAM, AL 35205205-254-1685

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

+8.3% from 2022

Total participants

+3.1% from 2022

Average account balance

$40,910

-1.4% from 2022

Annual return

16.35%

+33.67 pp from 2022

Benchmarks

See 3,174 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,174 peers

Snapshot2023

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

$420K

$8071 / participant

Other / not subdivided$420K100.0%

% of EOY assets

18.320%

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

$40,910

$68,412-40.2%

$94,679-56.8%

$75,181-45.6%

Participation rate

80.8%

76.1%+4.7pp

80.8%-0.1pp

67.2%+13.6pp

Annual return

16.35%

616.91%-600.6pp

156.75%-140.4pp

160.69%-144.3pp

Employer contribution / active EE

$1,796

$2,701-33.5%

$3,673-51.1%

$2,671-32.8%

Participant deferral / active EE

$2,984

$6,537-54.4%

$7,417-59.8%

$4,126-27.7%

Admin fee / account holder

$7,495

$5,326+40.7%

$7,233+3.6%

$5,650+32.7%

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