Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF THE MARGARET GIFFORD SCHOOL AND DAY CENTER, INC.

Name: THE MARGARET GIFFORD SCHOOL AN - 403(B) THRIFT PLAN FOR EMPLOYEES OF THE MARGARET GIFFORD SCHOOL AND DAY CENTER, INC. (2023) Form 5500
Creator: THE MARGARET GIFFORD SCHOOL AN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF THE MARGARET GIFFORD SCHOOL AND DAY CENTER, INC., THE MARGARET GIFFORD SCHOOL AN

THE MARGARET GIFFORD SCHOOL ANEIN 04-2381515Plan #003PY 2023

177 BOSTON POST RD - WESTON, MA 024932528781-899-9500

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.3M

+21.1% from 2022

Total participants

123

0.0% from 2022

Average account balance

$82,366

+28.3% from 2022

Annual return

18.65%

+35.98 pp from 2022

Benchmarks

See 4,420 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,420 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.32M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

105

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.

134.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$557K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$437

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 codes2G2J2E

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$365K

$4934 / participant

Other / not subdivided$365K100.0%

% of EOY assets

4.389%

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

$82,366

$46,599+76.8%

$64,101+28.5%

$75,173+9.6%

Participation rate

70.3%

65.9%+4.3pp

72.3%-2.0pp

67.2%+3.1pp

Annual return

18.65%

26.06%-7.4pp

33.72%-15.1pp

160.72%-142.1pp

Employer contribution / active EE

$3,957

$1,975+100.3%

$2,749+44.0%

$2,671+48.2%

Participant deferral / active EE

$3,221

$2,837+13.6%

$3,881-17.0%

$4,126-21.9%

Admin fee / account holder

$3,615

$2,956+22.3%

$3,070+17.8%

$5,651-36.0%

403(B) THRIFT PLAN FOR EMPLOYEES OF THE MARGARET GIFFORD SCHOOL AND DAY CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF THE MARGARET GIFFORD SCHOOL AND DAY CENTER, INC.

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