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 (2024) 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 2024

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)

$10M

+12.5% from 2023

Total participants

269

-4.6% from 2023

Average account balance

$44,006

+35.2% from 2023

Annual return

11.49%

+2.37 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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 ADVISORS8 years Service code 27 · EIN 04-3422848	Advisory (Plan)	$25,320
SENTINEL PENSION ADVISORS7 years Filed as: SENTINEL BENEFITS & FINANCIAL GROUP Service code 15 · EIN 20-5916766	Recordkeeping	$12,572
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB & CO. Service code 19 · EIN 94-1737782	Securities Custodian	$6,055

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

$44K

$215 / participant

Recordkeeping$13K28.6%
Trustee / custodial$6K13.8%
Investment mgmt$25K57.6%

% of EOY assets

0.438%

all-in expense ratio

Categories reported

3 / 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

$44,006

$69,774-36.9%

$67,561-34.9%

$74,429-40.9%

Participation rate

79.9%

71.4%+8.5pp

72.9%+7.0pp

67.2%+12.7pp

Annual return

11.49%

-40.53%+52.0pp

3525.44%-3513.9pp

1368.38%-1356.9pp

Employer contribution / active EE

$3,187

$2,710+17.6%

$2,735+16.5%

$2,625+21.4%

Participant deferral / active EE

$3,636-100.0%

$4,003-100.0%

$4,348-100.0%

Admin fee / account holder

$193

$890-78.3%

$4,006-95.2%

$1,944-90.1%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS8 years

Service code 27 · EIN 04-3422848

Advisory (Plan)

$25,320

SENTINEL PENSION ADVISORS7 years

Filed as: SENTINEL BENEFITS & FINANCIAL GROUP

Service code 15 · EIN 20-5916766

Recordkeeping

$12,572

CHARLES SCHWAB & CO., INC.7 years

Filed as: CHARLES SCHWAB & CO.

Service code 19 · EIN 94-1737782

Securities Custodian

$6,055

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