Retirement plan

VARIETY CHILD LEARNING CENTER 401(A) PROFIT SHARING PLAN

Name: VARIETY CHILD LEARNING CENTER - VARIETY CHILD LEARNING CENTER 401(A) PROFIT SHARING PLAN (2023) Form 5500
Creator: VARIETY CHILD LEARNING CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VARIETY CHILD LEARNING CENTER 401(A) PROFIT SHARING PLAN, VARIETY CHILD LEARNING CENTER

VARIETY CHILD LEARNING CENTEREIN 11-2157326Plan #001PY 2023

47 HUMPHREY DRIVE - SYOSSET, NY 11791516-921-7171vclc.orgLinkedIn201-500 employeeseducation management

Other plans on this EIN

1 filing

#003Retirement-$18.3M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.9M

-1.4% from 2022

Total participants

282

+4.1% from 2022

Average account balance

$32,544

-5.7% from 2022

Annual return

9.13%

+21.58 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

$10.50M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

289

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$260K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$158

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
SENTINEL PENSION ADVISORS7 years Service code 27 · EIN 04-3422848	Advisory (Plan)	$21,515
SENTINEL PENSION ADVISORS6 years Filed as: SENTINEL BENEFITS & FINANCIAL GROUP Service code 15 · EIN 20-5916766	Recordkeeping	$9,608
CHARLES SCHWAB & CO., INC.6 years Filed as: CHARLES SCHWAB & CO. Service code 18 · EIN 94-1737782	Custodial (other than securities); Tr...	$5,858

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$186 / participant

Investment mgmt$22K58.2%
Other / not subdivided$15K41.8%

% of EOY assets

0.415%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CERINI & ASSOCIATES LLP
Auditor EIN: 113066459
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,544

$65,582-50.4%

$64,101-49.2%

$71,511-54.5%

Participation rate

96.0%

73.2%+22.8pp

72.3%+23.7pp

67.9%+28.0pp

Annual return

9.13%

18.96%-9.8pp

33.72%-24.6pp

28.86%-19.7pp

Employer contribution / active EE

$2,089

$2,671-21.8%

$2,749-24.0%

$2,589-19.3%

Participant deferral / active EE

$3,628-100.0%

$3,881-100.0%

$4,291-100.0%

Admin fee / account holder

$135

$616-78.1%

$3,070-95.6%

$1,588-91.5%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS7 years

Service code 27 · EIN 04-3422848

Advisory (Plan)

$21,515

SENTINEL PENSION ADVISORS6 years

Filed as: SENTINEL BENEFITS & FINANCIAL GROUP

Service code 15 · EIN 20-5916766

Recordkeeping

$9,608

CHARLES SCHWAB & CO., INC.6 years

Filed as: CHARLES SCHWAB & CO.

Service code 18 · EIN 94-1737782

Custodial (other than securities); Tr...

$5,858

VARIETY CHILD LEARNING CENTER 401(A) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VARIETY CHILD LEARNING CENTER 401(A) PROFIT SHARING 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