Retirement plan

MOUNT SAINT CHARLES ACADEMY, INC. 401(K) RETIREMENT PLAN

Name: MOUNT SAINT CHARLES ACADEMY, INC. - MOUNT SAINT CHARLES ACADEMY, INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: MOUNT SAINT CHARLES ACADEMY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOUNT SAINT CHARLES ACADEMY, INC. 401(K) RETIREMENT PLAN, MOUNT SAINT CHARLES ACADEMY, INC.

MOUNT SAINT CHARLES ACADEMY, INC.EIN 05-0258850Plan #001PY 2017

800 LOGEE STREET - WOONSOCKET, RI 02895401-769-0310mountsaintcharles.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.9M

+4.3% from 2016

Total participants

120

+33.3% from 2016

Average account balance

$110,456

-8.5% from 2016

Annual return

13.08%

+13.29 pp from 2016

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.62M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

109.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$536K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7433

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 codes2E2F2G2J2T3D

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

$1.3M

$10830 / participant

Other / not subdivided$1M100.0%

% of EOY assets

13.073%

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

$110,456

$57,976+90.5%

$63,018+75.3%

$62,293+77.3%

Participation rate

75.0%

75.9%-0.9pp

74.8%+0.2pp

69.5%+5.5pp

Annual return

13.08%

17.54%-4.5pp

87.62%-74.5pp

28.90%-15.8pp

Employer contribution / active EE

$1,573

$2,415-34.9%

$2,761-43.0%

$2,042-23.0%

Participant deferral / active EE

$2,252

$2,956-23.8%

$3,330-32.4%

$3,169-29.0%

Admin fee / account holder

$14,440

$276+5136.6%

$3,601+301.0%

$479+2912.5%

MOUNT SAINT CHARLES ACADEMY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOUNT SAINT CHARLES ACADEMY, INC. 401(K) RETIREMENT 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