Retirement plan

BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC.

Name: BALTIMORE ALLIANCE FOR CAREERS - BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC. (2023) Form 5500
Creator: BALTIMORE ALLIANCE FOR CAREERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC., BALTIMORE ALLIANCE FOR CAREERS

BALTIMORE ALLIANCE FOR CAREERSEIN 65-1257147Plan #001PY 2023

711 W 40TH STREET STE 153 BOX 355 - BALTIMORE, MD 21211443-931-3076baltimorealliance.orgLinkedIn1-10 employeeshospital & health care

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$191K

+35.8% from 2022

Total participants

-11.8% from 2022

Average account balance

$13,674

+55.2% from 2022

Annual return

21.16%

+40.87 pp from 2022

Benchmarks

See 18,470 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,470 peers

Snapshot2023

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$276 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.866%

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

$13,674

$96,419-85.8%

$80,648-83.0%

$139,487-90.2%

Participation rate

83.3%

73.6%+9.7pp

67.0%+16.3pp

80.3%+3.0pp

Annual return

21.16%

1352.86%-1331.7pp

937.21%-916.1pp

373.84%-352.7pp

Employer contribution / active EE

$3,261-100.0%

$2,724-100.0%

$4,755-100.0%

Participant deferral / active EE

$3,715

$5,225-28.9%

$4,443-16.4%

$6,713-44.7%

Admin fee / account holder

$118

$6,605-98.2%

$5,382-97.8%

$11,407-99.0%

BALTIMORE ALLIANCE FOR CAREERS IN HEALTHCARE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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