Retirement plan

INTERNATIONAL INSTITUTE OF GRE 401(K) PROFIT SHARING PLAN & TRUST

Name: INTERNATIONAL INSTITUTE OF GRE - INTERNATIONAL INSTITUTE OF GRE 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: INTERNATIONAL INSTITUTE OF GRE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL INSTITUTE OF GRE 401(K) PROFIT SHARING PLAN & TRUST, INTERNATIONAL INSTITUTE OF GRE

INTERNATIONAL INSTITUTE OF GREEIN 04-2104326Plan #001PY 2020

GREATER LAWRENCE INC, 125 AMESBURY ST - LAWRENCE, MA 018401317978-687-0981

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$328K

+54.9% from 2019

Total participants

+10.0% from 2019

Average account balance

$36,426

-14.0% from 2019

Annual return

45.81%

+12.36 pp from 2019

Benchmarks

See 6,196 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$649K

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

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

+28.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1307

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 codes2E2F2G2J2T3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$60

$8 / participant

Other / not subdivided$60100.0%

% of EOY assets

0.018%

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

$36,426

$81,664-55.4%

$70,476-48.3%

$158,966-77.1%

Participation rate

75.0%

77.7%-2.7pp

75.1%-0.1pp

82.0%-7.0pp

Annual return

45.81%

208.59%-162.8pp

109.12%-63.3pp

302.95%-257.1pp

Employer contribution / active EE

$3,219-100.0%

$2,738-100.0%

$4,762-100.0%

Participant deferral / active EE

$2,395

$4,556-47.4%

$3,710-35.4%

$5,983-60.0%

Admin fee / account holder

$6,197-99.9%

$3,847-99.8%

$11,250-99.9%

INTERNATIONAL INSTITUTE OF GRE 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL INSTITUTE OF GRE 401(K) PROFIT SHARING PLAN & TRUST

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