Retirement plan

LOS ANGELES WORLD AFFAIRS COUNCIL TAX DEFERRED 403(B) PLAN

Name: LOS ANGELES WORLD AFFAIRS COUNCIL - LOS ANGELES WORLD AFFAIRS COUNCIL TAX DEFERRED 403(B) PLAN (2023) Form 5500
Creator: LOS ANGELES WORLD AFFAIRS COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOS ANGELES WORLD AFFAIRS COUNCIL TAX DEFERRED 403(B) PLAN, LOS ANGELES WORLD AFFAIRS COUNCIL

LOS ANGELES WORLD AFFAIRS COUNCILEIN 95-1783788Plan #001PY 2023

445 S. FIGUEROA STREET, SUITE 2250 - LOS ANGELES, CA 90071424-258-6160lawac.orgLinkedIn1-10 employeesinternational affairs

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

-7.1% from 2022

Total participants

-18.8% from 2022

Average account balance

$163,251

+14.3% from 2022

Annual return

11.32%

+18.07 pp from 2022

Benchmarks

See 7,496 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort7,496 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.67M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

280.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$993

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 codes2F2G2L2M

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.

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

$504K

$125891 / participant

Other / not subdivided$504K100.0%

% of EOY assets

23.728%

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

$163,251

$69,252+135.7%

$64,099+154.7%

$139,456+17.1%

Participation rate

100.0%

75.6%+24.4pp

72.3%+27.7pp

80.3%+19.7pp

Annual return

11.32%

45.89%-34.6pp

33.70%-22.4pp

373.45%-362.1pp

Employer contribution / active EE

$7,816

$3,184+145.5%

$2,748+184.4%

$4,753+64.4%

Participant deferral / active EE

$12,398

$4,683+164.7%

$3,881+219.4%

$6,711+84.7%

Admin fee / account holder

$38,736

$4,248+811.9%

$3,070+1161.6%

$11,407+239.6%

LOS ANGELES WORLD AFFAIRS COUNCIL TAX DEFERRED 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOS ANGELES WORLD AFFAIRS COUNCIL TAX DEFERRED 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