Retirement plan

MARLBORO SCHOOL OF MUSIC, INC. 403(B) DC PLAN

Name: MARLBORO SCHOOL OF MUSIC, INC. - MARLBORO SCHOOL OF MUSIC, INC. 403(B) DC PLAN (2024) Form 5500
Creator: MARLBORO SCHOOL OF MUSIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARLBORO SCHOOL OF MUSIC, INC. 403(B) DC PLAN, MARLBORO SCHOOL OF MUSIC, INC.

MARLBORO SCHOOL OF MUSIC, INC.EIN 03-0186612Plan #001PY 2024

1528 WALNUT ST, SUITE 301 - PHILADELPHIA, PA 19102267-667-1072LinkedIn11-50 employeesmusic

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$9.1M

-12.7% from 2023

Total participants

-3.1% from 2023

Average account balance

$304,878

-9.8% from 2023

Annual return

10.34%

-1.70 pp from 2023

Benchmarks

See 8,041 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,041 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.15M

Not enough data

1 years with asset history on file

Average account balance

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

$305K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$225K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88163

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 codes2C2G2L2R2S2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$2.6M

$132245 / participant

Other / not subdivided$3M100.0%

% of EOY assets

28.918%

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

$304,878

$72,465+320.7%

$67,575+351.2%

$145,884+109.0%

Participation rate

95.0%

76.9%+18.1pp

72.9%+22.1pp

80.3%+14.7pp

Annual return

10.34%

7222.56%-7212.2pp

3528.98%-3518.6pp

551.85%-541.5pp

Employer contribution / active EE

$7,041

$3,074+129.1%

$2,736+157.4%

$4,662+51.0%

Participant deferral / active EE

$4,190

$4,786-12.5%

$4,003+4.6%

$6,690-37.4%

Admin fee / account holder

$88,163

$5,515+1498.5%

$3,993+2108.0%

$13,392+558.3%

MARLBORO SCHOOL OF MUSIC, INC. 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARLBORO SCHOOL OF MUSIC, INC. 403(B) DC 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