Retirement plan

GREATER ALBUQUERQUE HOUSING PARTNERSHIP 403(B) RETIREMENT PLAN

Name: THE GREATER ALBUQUERQUE HOUSING PARTNERSHIP - GREATER ALBUQUERQUE HOUSING PARTNERSHIP 403(B) RETIREMENT PLAN (2020) Form 5500
Creator: THE GREATER ALBUQUERQUE HOUSING PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER ALBUQUERQUE HOUSING PARTNERSHIP 403(B) RETIREMENT PLAN, THE GREATER ALBUQUERQUE HOUSING PARTNERSHIP

THE GREATER ALBUQUERQUE HOUSING PARTNERSHIPEIN 85-0412352Plan #001PY 2020

320 GOLD AVE SW, SUITE 918 - ALBUQUERQUE, NM 87102505-244-1614

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$186K

No prior year

Total participants

No prior year

Average account balance

$30,924

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 16,004 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort16,004 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$846K

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

145.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$181K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8288

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 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

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

$13K

$1826 / participant

Other / not subdivided$13K100.0%

% of EOY assets

6.888%

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

$30,924

$228,352-86.5%

$185,827-83.4%

$158,950-80.5%

Participation rate

85.7%

82.3%+3.4pp

78.0%+7.7pp

82.0%+3.8pp

Annual return

0.00%

40.81%-40.8pp

35.96%-36.0pp

302.91%-302.9pp

Employer contribution / active EE

$3,408

$4,967-31.4%

$4,087-16.6%

$4,762-28.4%

Participant deferral / active EE

$7,769

$6,416+21.1%

$5,633+37.9%

$5,983+29.9%

Admin fee / account holder

$2,130

$11,867-82.1%

$9,502-77.6%

$11,248-81.1%

GREATER ALBUQUERQUE HOUSING PARTNERSHIP 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER ALBUQUERQUE HOUSING PARTNERSHIP 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