Retirement plan

PETERSEN AUTOMOTIVE MUSEUM FOUNDATION 401K PLAN

Name: PETERSEN AUTOMOTIVE MUSEUM FOUNDATION - PETERSEN AUTOMOTIVE MUSEUM FOUNDATION 401K PLAN (2021) Form 5500
Creator: PETERSEN AUTOMOTIVE MUSEUM FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETERSEN AUTOMOTIVE MUSEUM FOUNDATION 401K PLAN, PETERSEN AUTOMOTIVE MUSEUM FOUNDATION

PETERSEN AUTOMOTIVE MUSEUM FOUNDATIONEIN 95-4739699Plan #001PY 2021

6060 WILSHIRE BLVD - LOS ANGELES, CA 90036323-964-6352

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

+21.5% from 2020

Total participants

139

-7.3% from 2020

Average account balance

$30,809

+29.6% from 2020

Annual return

12.20%

-4.16 pp from 2020

Benchmarks

See 2,714 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,714 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.40M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

126

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.

56.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO3 years Service code 15 · EIN 35-0145825	Recordkeeping	$30,359
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 16 · EIN 04-3046611	Consulting	$11,967

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$462

$5 / participant

Contract admin$462100.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,809

$58,726-47.5%

$142,898-78.4%

$85,847-64.1%

Participation rate

65.6%

58.5%+7.1pp

72.0%-6.3pp

69.3%-3.7pp

Annual return

12.20%

27.73%-15.5pp

5639.64%-5627.4pp

318.61%-306.4pp

Employer contribution / active EE

$1,167

$1,424-18.0%

$4,146-71.8%

$2,565-54.5%

Participant deferral / active EE

$2,413

$2,609-7.5%

$3,838-37.1%

$3,952-39.0%

Admin fee / account holder

$4,234-99.9%

$6,560-99.9%

$6,261-99.9%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO3 years

Service code 15 · EIN 35-0145825

Recordkeeping

$30,359

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 16 · EIN 04-3046611

Consulting

$11,967

PETERSEN AUTOMOTIVE MUSEUM FOUNDATION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERSEN AUTOMOTIVE MUSEUM FOUNDATION 401K 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