Retirement plan

PROCTOR ACADEMY 401(K) SAVINGS PLAN

Name: PROCTOR ACADEMY - PROCTOR ACADEMY 401(K) SAVINGS PLAN (2020) Form 5500
Creator: PROCTOR ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROCTOR ACADEMY 401(K) SAVINGS PLAN, PROCTOR ACADEMY

PROCTOR ACADEMYEIN 02-0222179Plan #003PY 2020

204 MAIN STREET, P.O. BOX 500 - ANDOVER, NH 03216603-735-6000proctoacademy.orgLinkedIn51-200 employeeseducation management

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.1M

+23.8% from 2019

Total participants

281

-12.7% from 2019

Average account balance

$63,570

+17.4% from 2019

Annual return

15.73%

-9.03 pp from 2019

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.28M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

254

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$319

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 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$62,248
KESTRA INVESTMENT SERVICES LLC6+ years Service code 53 · EIN 74-2794194	Insurance Commissions	$25,037
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CALVERT4 years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS2 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
DWS FUNDS2 years Service code 52 · EIN 13-2661231	Indirect Investment Fees	$0
FRANKLIN TEMPLETON2 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$62K

$278 / participant

Investment mgmt$61K98.5%
Contract admin$9641.5%

% of EOY assets

0.386%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TYLER, SIMMS & ST. SAUVEUR, CPAS,PC
Auditor EIN: 020476956
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,570

$65,322-2.7%

$70,494-9.8%

$73,497-13.5%

Participation rate

87.9%

77.0%+11.0pp

75.1%+12.9pp

70.7%+17.3pp

Annual return

15.73%

15.71%0pp

109.16%-93.4pp

28.51%-12.8pp

Employer contribution / active EE

$2,857

$2,460+16.2%

$2,738+4.4%

$2,270+25.9%

Participant deferral / active EE

$3,984

$3,375+18.1%

$3,711+7.4%

$3,740+6.5%

Admin fee / account holder

$245

$214+14.5%

$3,848-93.6%

$513-52.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$62,248

KESTRA INVESTMENT SERVICES LLC6+ years

Service code 53 · EIN 74-2794194

Insurance Commissions

$25,037

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CALVERT4 years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS2 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

DWS FUNDS2 years

Service code 52 · EIN 13-2661231

Indirect Investment Fees

FRANKLIN TEMPLETON2 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PROCTOR ACADEMY 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROCTOR ACADEMY 401(K) SAVINGS 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