Retirement plan

BREAK A DIFFERENCE 403B PLAN

Name: BREAK A DIFFERENCE - BREAK A DIFFERENCE 403B PLAN (2024) Form 5500
Creator: BREAK A DIFFERENCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BREAK A DIFFERENCE 403B PLAN, BREAK A DIFFERENCE

BREAK A DIFFERENCEEIN 85-0689103Plan #001PY 2024

1794 UNION AVENUE - BALTIMORE, MD 21211571-397-2237breakadifference.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$43K

No prior year

Total participants

No prior year

Average account balance

$8,500

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 50,137 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,137 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2F2G2L2S2T

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.
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

$5K

$769 / participant

Other / not subdivided$5K100.0%

% of EOY assets

12.672%

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

$8,500

$88,710-90.4%

$81,783-89.6%

$145,959-94.2%

Participation rate

71.4%

75.0%-3.6pp

72.4%-0.9pp

80.3%-8.9pp

Annual return

0.00%

1027.26%-1027.3pp

775.05%-775.1pp

561.95%-561.9pp

Employer contribution / active EE

$2,957

$3,083-4.1%

$2,913+1.5%

$4,661-36.6%

Participant deferral / active EE

$2,091

$4,645-55.0%

$4,320-51.6%

$6,689-68.7%

Admin fee / account holder

$1,077

$8,407-87.2%

$7,380-85.4%

$13,398-92.0%

BREAK A DIFFERENCE 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BREAK A DIFFERENCE 403B 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