Retirement plan

IMAGINE SCHOOLS, INC. 401(K) RETIREMENT SAVINGS

Name: IMAGINE SCHOOLS, INC. - IMAGINE SCHOOLS, INC. 401(K) RETIREMENT SAVINGS (2024) Form 5500
Creator: IMAGINE SCHOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMAGINE SCHOOLS, INC. 401(K) RETIREMENT SAVINGS, IMAGINE SCHOOLS, INC.

IMAGINE SCHOOLS, INC.EIN 04-3466383Plan #001PY 2024

1900 GALLOWS ROAD, SUITE 250 - VIENNA, VA 22182703-740-2876LinkedIn51-200 employeeseducation management

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$110.9M

+15.5% from 2023

Total participants

4,588

+8.1% from 2023

Average account balance

$38,944

+13.8% from 2023

Annual return

14.15%

-4.76 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$110.87M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

2,847

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.

48.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.46M

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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 3 by compensation

Provider	Service type	Compensation
ASCENSUS LLC7 years Service code 37 · EIN 11-3665754	Loan Processing	$122,822
GWN SECURITIES, INC1 year Service code 27 11440 N. JOG RD · PALM BEACH GARDEN, FL 33418	Advisory (Plan)	$17,183
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW Service code 27 · EIN 36-3429599	Advisory (Plan)	$8,253

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$103K

$31 / participant

Investment mgmt$25K24.7%
Contract admin$78K75.3%

% of EOY assets

0.093%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERMAN
Auditor EIN: 591152714
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,944

$113,568-65.7%

$67,575-42.4%

$199,960-80.5%

Participation rate

48.2%

73.3%-25.2pp

72.9%-24.8pp

72.0%-23.8pp

Annual return

14.15%

15.88%-1.7pp

3528.98%-3514.8pp

34.28%-20.1pp

Employer contribution / active EE

$1,193

$3,409-65.0%

$2,736-56.4%

$3,036-60.7%

Participant deferral / active EE

$1,625

$4,163-61.0%

$4,003-59.4%

$5,087-68.1%

Admin fee / account holder

$36

$102-64.7%

$3,993-99.1%

$269-86.6%

Provider

Service type

Compensation

ASCENSUS LLC7 years

Service code 37 · EIN 11-3665754

Loan Processing

$122,822

GWN SECURITIES, INC1 year

Service code 27

11440 N. JOG RD · PALM BEACH GARDEN, FL 33418

Advisory (Plan)

$17,183

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW

Service code 27 · EIN 36-3429599

Advisory (Plan)

$8,253

IMAGINE SCHOOLS, INC. 401(K) RETIREMENT SAVINGS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMAGINE SCHOOLS, INC. 401(K) RETIREMENT SAVINGS

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