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 (2020) 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 2020

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)

$4.7M

+1.6% from 2019

Total participants

+2.9% from 2019

Average account balance

$70,819

-6.1% from 2019

Annual return

3.38%

-4.23 pp from 2019

Benchmarks

See 2,663 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,663 peers

Snapshot2020

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

$349K

$9441 / participant

Other / not subdivided$349K100.0%

% of EOY assets

7.474%

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

$70,819

$53,774+31.7%

$134,162-47.2%

$79,852-11.3%

Participation rate

89.2%

58.8%+30.4pp

72.2%+17.0pp

69.6%+19.6pp

Annual return

3.38%

19.01%-15.6pp

36.35%-33.0pp

31.72%-28.3pp

Employer contribution / active EE

$3,836

$1,322+190.3%

$3,705+3.5%

$2,471+55.2%

Participant deferral / active EE

$2,639

$2,420+9.0%

$3,500-24.6%

$3,740-29.5%

Admin fee / account holder

$5,293

$3,985+32.8%

$6,685-20.8%

$5,306-0.3%

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