Retirement plan

BOSTON LATIN SCHOOL ASSOCIATION 403(B) RETIREMENT PLAN TWO

Name: BOSTON LATIN SCHOOL ASSOCIATION - BOSTON LATIN SCHOOL ASSOCIATION 403(B) RETIREMENT PLAN TWO (2019) Form 5500
Creator: BOSTON LATIN SCHOOL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOSTON LATIN SCHOOL ASSOCIATION 403(B) RETIREMENT PLAN TWO, BOSTON LATIN SCHOOL ASSOCIATION

BOSTON LATIN SCHOOL ASSOCIATIONEIN 04-6035973Plan #002PY 2019

101 HUNTINGTON AVENUE, SUITE 200 - BOSTON, MA 02199617-450-0004blsa.orgLinkedIn1-10 employeesfund-raising

Other plans on this EIN

1 filing

#001Retirement-$589K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+8.8% from 2018

Total participants

+31.6% from 2018

Average account balance

$84,213

+3.1% from 2018

Annual return

6.92%

-9.18 pp from 2018

Benchmarks

See 6,050 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,050 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.92M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

123.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$226K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$689

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 codes2F2G2L2M2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

2 tripped

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

$164K

$7119 / participant

Other / not subdivided$164K100.0%

% of EOY assets

10.233%

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

$84,213

$77,449+8.7%

$69,483+21.2%

$152,909-44.9%

Participation rate

73.9%

78.1%-4.2pp

74.6%-0.7pp

82.5%-8.5pp

Annual return

6.92%

39.09%-32.2pp

28.99%-22.1pp

345.46%-338.5pp

Employer contribution / active EE

$3,946

$3,316+19.0%

$2,780+42.0%

$4,764-17.2%

Participant deferral / active EE

$4,282

$4,415-3.0%

$3,537+21.1%

$5,851-26.8%

Admin fee / account holder

$8,618

$6,210+38.8%

$3,841+124.4%

$11,601-25.7%

BOSTON LATIN SCHOOL ASSOCIATION 403(B) RETIREMENT PLAN TWO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOSTON LATIN SCHOOL ASSOCIATION 403(B) RETIREMENT PLAN TWO

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