Retirement plan

403(B) TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF VARIETY CHILD LEARNING CENTER

Name: VARIETY CHILD LEARNING CENTER - 403(B) TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF VARIETY CHILD LEARNING CENTER (2018) Form 5500
Creator: VARIETY CHILD LEARNING CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF VARIETY CHILD LEARNING CENTER, VARIETY CHILD LEARNING CENTER

VARIETY CHILD LEARNING CENTEREIN 11-2157326Plan #003PY 2018

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

Other plans on this EIN

1 filing

#001Retirement-$8.8M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.4M

-14.3% from 2017

Total participants

570

+3.6% from 2017

Average account balance

$70,237

-5.1% from 2017

Annual return

-2.77%

-14.59 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.82M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

295

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.

53.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$556K

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

+6.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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 ADVISORS3+ years Service code 27 · EIN 04-3422848 100 QUANNAPOWITT PKWY · WAKEFIELD, MA 01880	Advisory (Plan)	$30,666
SENTINEL PENSION ADVISORS2 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766 100 QUANNAPOWITT PKWY · WAKEFIELD, MA 01880	Recordkeeping	$20,970
CHARLES SCHWAB & CO., INC.2 years Service code 19 · EIN 94-1737782	Securities Custodian	$5,267

Plan features & details

Pension benefit codes2F2G2L2T3D

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$58K

$112 / participant

Investment mgmt$31K53.1%
Other / not subdivided$27K46.9%

% of EOY assets

0.351%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,237

$37,196+88.8%

$154,108-54.4%

$55,725+26.0%

Participation rate

34.9%

64.1%-29.2pp

83.0%-48.2pp

70.9%-36.0pp

Annual return

-2.77%

1319.68%-1322.4pp

735.21%-738.0pp

244.93%-247.7pp

Employer contribution / active EE

$1,614-100.0%

$5,298-100.0%

$2,078-100.0%

Participant deferral / active EE

$1,852

$2,068-10.5%

$5,081-63.6%

$3,356-44.8%

Admin fee / account holder

$247

$102+142.8%

$13,411-98.2%

$115+114.2%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS3+ years

Service code 27 · EIN 04-3422848

100 QUANNAPOWITT PKWY · WAKEFIELD, MA 01880

Advisory (Plan)

$30,666

SENTINEL PENSION ADVISORS2 years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

100 QUANNAPOWITT PKWY · WAKEFIELD, MA 01880

Recordkeeping

$20,970

CHARLES SCHWAB & CO., INC.2 years

Service code 19 · EIN 94-1737782

Securities Custodian

$5,267

403(B) TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF VARIETY CHILD LEARNING CENTER

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF VARIETY CHILD LEARNING CENTER

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