Retirement plan

INLY SCHOOL 403(B) DC PLAN

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

INLY SCHOOLEIN 04-2526455Plan #002PY 2024

46 WATCH HILL DRIVE - SCITUATE, MA 02066781-545-5544LinkedIn51-200 employeeseducation management

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.2M

+20.6% from 2022

Total participants

196

+31.5% from 2022

Average account balance

$58,514

+21.8% from 2022

Annual return

15.28%

+30.16 pp from 2022

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.07M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

118

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.

37.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$333K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Plan)	$12,689
TIAA1 year Filed as: TIAA TEACHERS INSURANCE AND ANNUITY Service code 13 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 10017	Contract Administrator	$10,296

Plan features & details

Pension benefit codes2F2G2K2M2T3D

Plan features

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$23K

$174 / participant

Contract admin$23K100.0%

% of EOY assets

0.371%

all-in expense ratio

Categories reported

1 / 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: AAFCAPS
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,514

$69,774-16.1%

$67,561-13.4%

$74,429-21.4%

Participation rate

31.8%

71.4%-39.6pp

72.9%-41.1pp

67.2%-35.4pp

Annual return

15.28%

-40.53%+55.8pp

3525.44%-3510.2pp

1368.38%-1353.1pp

Employer contribution / active EE

$812

$2,710-70.1%

$2,735-70.3%

$2,625-69.1%

Participant deferral / active EE

$1,834

$3,636-49.6%

$4,003-54.2%

$4,348-57.8%

Admin fee / account holder

$217

$890-75.6%

$4,006-94.6%

$1,944-88.8%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27 · EIN 47-1411118

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Plan)

$12,689

TIAA1 year

Filed as: TIAA TEACHERS INSURANCE AND ANNUITY

Service code 13 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 10017

Contract Administrator

$10,296

INLY SCHOOL 403(B) DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INLY SCHOOL 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