Retirement plan

CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC. 401(K) PLAN

Name: CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC. - CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC. 401(K) PLAN (2017) Form 5500
Creator: CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC. 401(K) PLAN, CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC.

CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC.EIN 06-0665191Plan #002PY 2017

64 PALMERS HILL RD. - STAMFORD, CT 06902203-653-1325clcfc.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.8M

+21.2% from 2016

Total participants

268

0.0% from 2016

Average account balance

$23,878

+19.2% from 2016

Annual return

18.79%

+9.87 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.05M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

270

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$782K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 7 by compensation

Provider	Service type	Compensation
THE BENEFIT PRACTICE3+ years Service code 15 · EIN 13-4144565	Recordkeeping	$9,325
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$2,417
BLUM SHAPIRO2 years Filed as: BLUM, SHAPIRO & CO., P.C. Service code 10 · EIN 06-1009205	Accounting	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH LIFE AGENCY Service code 28 · EIN 13-2808480	Investment Management	$0
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 28 · EIN 13-5674085	Investment Management	$0
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL INVESTMENT Service code 27 · EIN 36-3429599	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

$12K

$55 / participant

Contract admin$12K100.0%

% of EOY assets

0.202%

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: BLUM, SHAPIRO & CO., P.C.
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,878

$55,453-56.9%

$170,435-86.0%

$62,293-61.7%

Participation rate

88.3%

66.4%+21.9pp

83.6%+4.7pp

69.5%+18.7pp

Annual return

18.79%

21.38%-2.6pp

205.94%-187.1pp

28.90%-10.1pp

Employer contribution / active EE

$802

$2,164-62.9%

$5,432-85.2%

$2,042-60.7%

Participant deferral / active EE

$1,925

$2,303-16.4%

$4,939-61.0%

$3,169-39.3%

Admin fee / account holder

$48

$455-89.4%

$13,881-99.7%

$479-89.9%

Provider

Service type

Compensation

THE BENEFIT PRACTICE3+ years

Service code 15 · EIN 13-4144565

Recordkeeping

$9,325

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$2,417

BLUM SHAPIRO2 years

Filed as: BLUM, SHAPIRO & CO., P.C.

Service code 10 · EIN 06-1009205

Accounting

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH LIFE AGENCY

Service code 28 · EIN 13-2808480

Investment Management

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 28 · EIN 13-5674085

Investment Management

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 27 · EIN 36-3429599

Advisory (Plan)

CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILDREN'S LEARNING CENTERS OF FAIRFIELD COUNTY, INC. 401(K) 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