Retirement plan

BALTIMORE OFFICE OF PROMOTION & THE ARTS 403(B) PLAN

Name: BALTIMORE OFFICE OF PROMOTION & THE ARTS, INC. - BALTIMORE OFFICE OF PROMOTION & THE ARTS 403(B) PLAN (2019) Form 5500
Creator: BALTIMORE OFFICE OF PROMOTION & THE ARTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BALTIMORE OFFICE OF PROMOTION & THE ARTS 403(B) PLAN, BALTIMORE OFFICE OF PROMOTION & THE ARTS, INC.

BALTIMORE OFFICE OF PROMOTION & THE ARTS, INC.EIN 90-0091850Plan #001PY 2019

10 E. BALTIMORE STREET 10TH FLOOR - BALTIMORE, MD 21202410-752-8632promotionandarts.orgLinkedIn11-50 employeesevents services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.6M

+9.6% from 2018

Total participants

+6.3% from 2018

Average account balance

$75,452

+2.4% from 2018

Annual return

7.61%

-2.13 pp from 2018

Benchmarks

See 2,672 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,672 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.21M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

118.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2881

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 codes2F2G2L2M2T

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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$220K

$5363 / participant

Other / not subdivided$220K100.0%

% of EOY assets

4.778%

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

$75,452

$48,570+55.3%

$130,660-42.3%

$72,975+3.4%

Participation rate

82.9%

58.6%+24.4pp

71.7%+11.2pp

69.5%+13.4pp

Annual return

7.61%

38.63%-31.0pp

1709.29%-1701.7pp

81.01%-73.4pp

Employer contribution / active EE

$4,378

$1,334+228.2%

$4,092+7.0%

$2,440+79.4%

Participant deferral / active EE

$2,863

$2,384+20.1%

$3,603-20.5%

$3,608-20.6%

Admin fee / account holder

$3,605

$3,549+1.6%

$5,463-34.0%

$5,124-29.6%

BALTIMORE OFFICE OF PROMOTION & THE ARTS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BALTIMORE OFFICE OF PROMOTION & THE ARTS 403(B) 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