Retirement plan

MONARCH SCHOOL OF NE RETIREMENT PLAN

Name: MONARCH SCHOOL OF NEW ENGLAND - MONARCH SCHOOL OF NE RETIREMENT PLAN (2020) Form 5500
Creator: MONARCH SCHOOL OF NEW ENGLAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONARCH SCHOOL OF NE RETIREMENT PLAN, MONARCH SCHOOL OF NEW ENGLAND

MONARCH SCHOOL OF NEW ENGLANDEIN 02-0315196Plan #001PY 2020

61 EASTERN AVE, PO BOX 1921 - ROCHESTER, NH 03866603-332-2848monarchschoolne.orgLinkedIn51-200 employeeseducation management

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.5M

+29.4% from 2019

Total participants

133

+4.7% from 2019

Average account balance

$28,506

+21.9% from 2019

Annual return

15.56%

-5.54 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

$3.03M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

143.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1127

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

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$19,983
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 55 4707 EXCECUTIVE DR · SAN DIEGO, CA 92121	Other Commissions	$5,976

Plan features & details

Pension benefit codes2A2F2G2L

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$187 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.815%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,506

$65,322-56.4%

$70,462-59.5%

$73,493-61.2%

Participation rate

56.1%

77.0%-20.9pp

75.1%-19.0pp

70.7%-14.6pp

Annual return

15.56%

15.71%-0.1pp

109.08%-93.5pp

28.51%-12.9pp

Employer contribution / active EE

$785

$2,460-68.1%

$2,737-71.3%

$2,270-65.4%

Participant deferral / active EE

$1,956

$3,375-42.1%

$3,710-47.3%

$3,740-47.7%

Admin fee / account holder

$232

$214+8.6%

$3,845-94.0%

$513-54.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$19,983

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORPORATION

Service code 55

4707 EXCECUTIVE DR · SAN DIEGO, CA 92121

Other Commissions

$5,976

MONARCH SCHOOL OF NE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONARCH SCHOOL OF NE RETIREMENT 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