Retirement plan

TAX DEFERRED ANNUITY PLAN OF BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC.

Name: BALTIMORE ALLIANCE FOR CAREERS - TAX DEFERRED ANNUITY PLAN OF BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC. (2022) Form 5500
Creator: BALTIMORE ALLIANCE FOR CAREERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN OF BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC., BALTIMORE ALLIANCE FOR CAREERS

BALTIMORE ALLIANCE FOR CAREERSEIN 65-1257147Plan #001PY 2022

1500 UNION AVE STE 1400 - BALTIMORE, MD 212111979443-931-3076baltimorealliance.orgLinkedIn1-10 employeeshospital & health care

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$141K

-6.5% from 2021

Total participants

+6.3% from 2021

Average account balance

$8,810

-18.2% from 2021

Annual return

-19.71%

-40.84 pp from 2021

Benchmarks

See 17,020 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,020 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$284K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

171.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1225

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 codes2G3D2J

Plan features

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$2K

$328 / participant

Other / not subdivided$2K100.0%

% of EOY assets

1.397%

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

$8,810

$93,124-90.5%

$77,100-88.6%

$134,545-93.5%

Participation rate

83.3%

74.5%+8.8pp

67.9%+15.4pp

81.2%+2.1pp

Annual return

-19.71%

62.68%-82.4pp

42.35%-62.1pp

418.37%-438.1pp

Employer contribution / active EE

$3,421-100.0%

$2,815-100.0%

$4,742-100.0%

Participant deferral / active EE

$3,642

$5,242-30.5%

$4,430-17.8%

$6,401-43.1%

Admin fee / account holder

$123

$6,970-98.2%

$5,443-97.7%

$11,431-98.9%

TAX DEFERRED ANNUITY PLAN OF BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN OF BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC.

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