Retirement plan

WASHINGTON STATE BUDGET & POLICY CENTER DEFINED CONTRIBUTION PLAN

Name: WASHINGTON STATE BUDGET AND POLICY CENTER - WASHINGTON STATE BUDGET & POLICY CENTER DEFINED CONTRIBUTION PLAN (2020) Form 5500
Creator: WASHINGTON STATE BUDGET AND POLICY CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON STATE BUDGET & POLICY CENTER DEFINED CONTRIBUTION PLAN, WASHINGTON STATE BUDGET AND POLICY CENTER

WASHINGTON STATE BUDGET AND POLICY CENTEREIN 72-1612982Plan #001PY 2020

1402 THIRD AVENUE - SEATTLE, WA 98101206-262-0973budgetandpolicy.orgLinkedIn11-50 employeespublic policy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$475K

+29.1% from 2019

Total participants

+4.3% from 2019

Average account balance

$20,648

+12.3% from 2019

Annual return

18.92%

-6.01 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$819K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

245.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1136

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 codes2F2G2L2M2S2T

Plan features

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$9K

$691 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.891%

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

$20,648

$100,938-79.5%

$90,461-77.2%

$158,982-87.0%

Participation rate

92.3%

75.0%+17.3pp

72.7%+19.6pp

82.0%+10.3pp

Annual return

18.92%

1727.20%-1708.3pp

1294.76%-1275.8pp

302.99%-284.1pp

Employer contribution / active EE

$1,506

$3,691-59.2%

$3,264-53.9%

$4,763-68.4%

Participant deferral / active EE

$2,072

$4,350-52.4%

$3,964-47.7%

$5,983-65.4%

Admin fee / account holder

$390

$6,510-94.0%

$5,617-93.0%

$11,252-96.5%

WASHINGTON STATE BUDGET & POLICY CENTER DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON STATE BUDGET & POLICY CENTER DEFINED CONTRIBUTION 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