Retirement plan

FORT WORTH MUSEUM OF SCIENCE & HISTORY TAX DEFERRED ANNUITY PLAN

Name: FORT WORTH MUSEUM OF SCIENCE & HISTORY - FORT WORTH MUSEUM OF SCIENCE & HISTORY TAX DEFERRED ANNUITY PLAN (2020) Form 5500
Creator: FORT WORTH MUSEUM OF SCIENCE & HISTORY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORT WORTH MUSEUM OF SCIENCE & HISTORY TAX DEFERRED ANNUITY PLAN, FORT WORTH MUSEUM OF SCIENCE & HISTORY

FORT WORTH MUSEUM OF SCIENCE & HISTORYEIN 75-0755335Plan #002PY 2020

1600 GENDY ST - FORT WORTH, TX 761074062817-255-9324LinkedIn51-200 employeesmuseums and institutions

Other plans on this EIN

1 filing

#001Retirement-$2.3M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.8M

-10.0% from 2019

Total participants

-2.9% from 2019

Average account balance

$36,139

+2.6% from 2019

Annual return

12.09%

-10.03 pp from 2019

Benchmarks

See 2,663 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,663 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.81M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

102.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6028

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

Top 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$7,063

Plan features & details

Pension benefit codes2F2G2L2M2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$10K

$140 / participant

Investment mgmt$3K28.7%
Contract admin$7K71.3%

% of EOY assets

0.548%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SPROLESWOODARD LLP
Auditor EIN: 750807999
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,139

$53,774-32.8%

$134,162-73.1%

$79,852-54.7%

Participation rate

31.0%

58.8%-27.8pp

72.2%-41.2pp

69.6%-38.7pp

Annual return

12.09%

19.01%-6.9pp

36.35%-24.3pp

31.72%-19.6pp

Employer contribution / active EE

$395

$1,322-70.1%

$3,705-89.3%

$2,471-84.0%

Participant deferral / active EE

$1,251

$2,420-48.3%

$3,500-64.2%

$3,740-66.5%

Admin fee / account holder

$198

$3,985-95.0%

$6,685-97.0%

$5,306-96.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$7,063

FORT WORTH MUSEUM OF SCIENCE & HISTORY TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORT WORTH MUSEUM OF SCIENCE & HISTORY TAX DEFERRED ANNUITY 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