Retirement plan

WASHINGTON PUBLIC AFFAIRS DBA TVW 403(B) ERISA PLAN

Name: WASHINGTON PUBLIC AFFAIRS NETWORK DBA - WASHINGTON PUBLIC AFFAIRS DBA TVW 403(B) ERISA PLAN (2023) Form 5500
Creator: WASHINGTON PUBLIC AFFAIRS NETWORK DBA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON PUBLIC AFFAIRS DBA TVW 403(B) ERISA PLAN, WASHINGTON PUBLIC AFFAIRS NETWORK DBA

WASHINGTON PUBLIC AFFAIRS NETWORK DBAEIN 91-1597601Plan #001PY 2023

1058 CAPITOL WAY S - OLYMPIA, WA 985011289360-529-5310

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+22.6% from 2022

Total participants

0.0% from 2022

Average account balance

$117,770

+22.6% from 2022

Annual return

18.20%

+34.44 pp from 2022

Benchmarks

See 5,448 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,448 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.22M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

102.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$314K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1889

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$146K

$4865 / participant

Other / not subdivided$146K100.0%

% of EOY assets

3.998%

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

$117,770

$79,955+47.3%

$98,450+19.6%

$75,181+56.6%

Participation rate

90.0%

70.4%+19.6pp

75.2%+14.8pp

67.2%+22.8pp

Annual return

18.20%

19.75%-1.5pp

21.16%-3.0pp

160.69%-142.5pp

Employer contribution / active EE

$3,140

$2,264+38.7%

$3,049+3.0%

$2,671+17.6%

Participant deferral / active EE

$4,927

$3,752+31.3%

$4,739+4.0%

$4,126+19.4%

Admin fee / account holder

$4,709

$6,841-31.2%

$8,961-47.5%

$5,650-16.7%

WASHINGTON PUBLIC AFFAIRS DBA TVW 403(B) ERISA PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON PUBLIC AFFAIRS DBA TVW 403(B) ERISA 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