Retirement plan

QUINCY AFTER SCHOOL CHILD CARE 401(K) PROFIT SHARING AND TRUST

Name: QUINCY AFTER SCHOOL CHILD CARE - QUINCY AFTER SCHOOL CHILD CARE 401(K) PROFIT SHARING AND TRUST (2024) Form 5500
Creator: QUINCY AFTER SCHOOL CHILD CARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUINCY AFTER SCHOOL CHILD CARE 401(K) PROFIT SHARING AND TRUST, QUINCY AFTER SCHOOL CHILD CARE

QUINCY AFTER SCHOOL CHILD CAREEIN 04-2999238Plan #001PY 2024

162 OLD COLONY AVENUE 2ND FLOOR - QUINCY, MA 02170617-773-3299quincyafterschool.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$741K

+8.5% from 2023

Total participants

+19.0% from 2023

Average account balance

$11,396

-6.5% from 2023

Annual return

10.79%

-7.55 pp from 2023

Benchmarks

See 21,742 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,742 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$741K

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

141.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2200

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 codes2E2J2F2G3D2T

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

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

$143K

$3109 / participant

Other / not subdivided$143K100.0%

% of EOY assets

19.308%

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

$11,396

$81,262-86.0%

$155,602-92.7%

$80,911-85.9%

Participation rate

91.3%

66.2%+25.1pp

78.2%+13.1pp

67.6%+23.7pp

Annual return

10.79%

33.34%-22.6pp

64.81%-54.0pp

35.63%-24.8pp

Employer contribution / active EE

$1,023

$3,102-67.0%

$4,675-78.1%

$2,756-62.9%

Participant deferral / active EE

$1,531

$3,451-55.6%

$5,629-72.8%

$4,297-64.4%

Admin fee / account holder

$2,200

$7,992-72.5%

$15,923-86.2%

$6,935-68.3%

QUINCY AFTER SCHOOL CHILD CARE 401(K) PROFIT SHARING AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUINCY AFTER SCHOOL CHILD CARE 401(K) PROFIT SHARING AND 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