Retirement plan

THRIFT PLAN OF THE ROBERT A. WELCH FOUNDATION

Name: THE ROBERT A. WELCH FOUNDATION - THRIFT PLAN OF THE ROBERT A. WELCH FOUNDATION (2020) Form 5500
Creator: THE ROBERT A. WELCH FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THRIFT PLAN OF THE ROBERT A. WELCH FOUNDATION, THE ROBERT A. WELCH FOUNDATION

THE ROBERT A. WELCH FOUNDATIONEIN 76-0343128Plan #003PY 2020

5555 SAN FELIPE, SUITE 1900 - HOUSTON, TX 77056713-961-9884welch1.orgLinkedIn1-10 employeesresearch

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3.7M

-27.2% from 2019

Total participants

+10.0% from 2019

Average account balance

$369,357

-27.2% from 2019

Annual return

-0.14%

-23.15 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

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$269K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$358K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$40K

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)

$179334

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 codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$180839 / participant

Other / not subdivided$2M100.0%

% of EOY assets

44.065%

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

$369,357

$100,938+265.9%

$90,461+308.3%

$158,982+132.3%

Participation rate

88.9%

75.0%+13.9pp

72.7%+16.2pp

82.0%+6.9pp

Annual return

-0.14%

1727.20%-1727.3pp

1294.76%-1294.9pp

302.99%-303.1pp

Employer contribution / active EE

$19,332

$3,691+423.7%

$3,264+492.3%

$4,763+305.9%

Participant deferral / active EE

$9,179

$4,350+111.0%

$3,964+131.5%

$5,983+53.4%

Admin fee / account holder

$162,756

$6,510+2400.2%

$5,617+2797.7%

$11,252+1346.5%

THRIFT PLAN OF THE ROBERT A. WELCH FOUNDATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THRIFT PLAN OF THE ROBERT A. WELCH FOUNDATION

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