Retirement plan

ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT 403(B) RETIREMENT PLAN

Name: ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT - ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT 403(B) RETIREMENT PLAN, ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT

ANN ARBOR COMMUNITY ACUPUNCTURE PROJECTEIN 81-3261513Plan #001PY 2024

2500 PACKARD ST STE 100 - ANN ARBOR, MI 48104734-780-7253annarborcommunityacupuncture.comLinkedIn1-10 employeesinsurance

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$248K

+35.9% from 2023

Total participants

+100.0% from 2023

Average account balance

$49,642

+8.7% from 2023

Annual return

15.20%

-6.45 pp from 2023

Benchmarks

See 109,510 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,510 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$248K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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 codes2M3D2G2F2T

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.
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.
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

$250

$36 / participant

Other / not subdivided$250100.0%

% of EOY assets

0.101%

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

$49,642

$183,627-73.0%

$155,602-68.1%

$145,978-66.0%

Participation rate

57.1%

82.7%-25.5pp

78.2%-21.1pp

80.3%-23.1pp

Annual return

15.20%

61.32%-46.1pp

64.81%-49.6pp

550.52%-535.3pp

Employer contribution / active EE

$1,443

$5,316-72.9%

$4,675-69.1%

$4,662-69.0%

Participant deferral / active EE

$3,950

$6,466-38.9%

$5,629-29.8%

$6,690-41.0%

Admin fee / account holder

$50

$19,327-99.7%

$15,923-99.7%

$13,400-99.6%

ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANN ARBOR COMMUNITY ACUPUNCTURE PROJECT 403(B) RETIREMENT 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