Retirement plan

ARCHBISHOP MOLLOY HIGH SCHOOL 403(B) PLAN

Name: ARCHBISHOP MOLLOY HIGH SCHOOL - ARCHBISHOP MOLLOY HIGH SCHOOL 403(B) PLAN (2023) Form 5500
Creator: ARCHBISHOP MOLLOY HIGH SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARCHBISHOP MOLLOY HIGH SCHOOL 403(B) PLAN, ARCHBISHOP MOLLOY HIGH SCHOOL

ARCHBISHOP MOLLOY HIGH SCHOOLEIN 11-1848825Plan #003PY 2023

83-53 MANTON STREET - BRIARWOOD, NY 11435718-441-2100molloyhs.orgLinkedIn51-200 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.2M

+23.0% from 2022

Total participants

149

+1.4% from 2022

Average account balance

$209,269

+19.7% from 2022

Annual return

22.27%

+40.65 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.21M

Not enough data

1 years with asset history on file

Average account balance

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

$240K

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.

151

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$622

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 4 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS5 years Service code 27 · EIN 04-3422848	Advisory (Plan)	$35,523
SENTINEL PENSION ADVISORS5 years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3048575	Recordkeeping	$22,283
PKF O'CONNOR DAVIES, LLP4 years Service code 10 · EIN 27-1728945	Accounting	$15,320
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 15 · EIN 04-2647786	Recordkeeping	$4,598

Plan features & details

Pension benefit codes2F2K2L2M

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).
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.
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.

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

$80K

$708 / participant

Recordkeeping$60K75.1%
Trustee / custodial$5K5.7%
Other / not subdivided$15K19.2%

% of EOY assets

0.256%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: $15,320
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,269

$65,582+219.1%

$64,097+226.5%

$71,529+192.6%

Participation rate

100.0%

73.2%+26.8pp

72.3%+27.7pp

67.9%+32.1pp

Annual return

22.27%

18.96%+3.3pp

33.75%-11.5pp

28.97%-6.7pp

Employer contribution / active EE

$7,645

$2,671+186.3%

$2,750+178.0%

$2,590+195.2%

Participant deferral / active EE

$7,567

$3,628+108.6%

$3,881+95.0%

$4,291+76.3%

Admin fee / account holder

$537

$616-12.9%

$3,070-82.5%

$1,588-66.2%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS5 years

Service code 27 · EIN 04-3422848

Advisory (Plan)

$35,523

SENTINEL PENSION ADVISORS5 years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3048575

Recordkeeping

$22,283

PKF O'CONNOR DAVIES, LLP4 years

Service code 10 · EIN 27-1728945

Accounting

$15,320

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 15 · EIN 04-2647786

Recordkeeping

$4,598

ARCHBISHOP MOLLOY HIGH SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARCHBISHOP MOLLOY HIGH SCHOOL 403(B) 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