Retirement plan

403(B) THRIFT PLAN OF THE RALPH M. PARSONS FOUNDATION

Name: THE RALPH M. PARSONS FOUNDATION - 403(B) THRIFT PLAN OF THE RALPH M. PARSONS FOUNDATION (2023) Form 5500
Creator: THE RALPH M. PARSONS FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE RALPH M. PARSONS FOUNDATION, THE RALPH M. PARSONS FOUNDATION

THE RALPH M. PARSONS FOUNDATIONEIN 95-6085895Plan #002PY 2023

601 S. FIGUEROA, SUITE 5000 - LOS ANGELES, CA 90017213-362-7600rmpf.orgLinkedIn11-50 employeesphilanthropy

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.5M

-16.9% from 2022

Total participants

0.0% from 2022

Average account balance

$327,160

-8.6% from 2022

Annual return

14.56%

+30.54 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.38M

Not enough data

1 years with asset history on file

Average account balance

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

$388K

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

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$42K

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

+18.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54236

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 codes2F2G2T

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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3.2M

$188322 / participant

Other / not subdivided$3M100.0%

% of EOY assets

48.928%

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

$327,160

$96,691+238.4%

$86,656+277.5%

$139,487+134.5%

Participation rate

88.2%

74.4%+13.8pp

71.7%+16.5pp

80.3%+7.9pp

Annual return

14.56%

106.87%-92.3pp

593.09%-578.5pp

373.84%-359.3pp

Employer contribution / active EE

$28,587

$3,267+775.1%

$3,025+844.9%

$4,755+501.3%

Participant deferral / active EE

$13,753

$4,838+184.3%

$4,439+209.8%

$6,713+104.9%

Admin fee / account holder

$160,074

$6,414+2395.6%

$5,619+2749.0%

$11,407+1303.3%

403(B) THRIFT PLAN OF THE RALPH M. PARSONS FOUNDATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE RALPH M. PARSONS FOUNDATION

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