Retirement plan

EMPLOYEE BENEFIT PLAN OF FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL

Name: FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL - EMPLOYEE BENEFIT PLAN OF FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL (2020) Form 5500
Creator: FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL, FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL

FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOLEIN 11-2380980Plan #001PY 2020

201 OLD TOWN RD - EAST SETAUKET, NY 117332670631-751-1154

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$5.4M

+20.0% from 2019

Total participants

-3.9% from 2019

Average account balance

$76,639

+25.1% from 2019

Annual return

19.72%

-9.27 pp from 2019

Benchmarks

See 3,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,929 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.73M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

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.

113.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

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

+21.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$422

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$78K

$1480 / participant

Other / not subdivided$78K100.0%

% of EOY assets

1.462%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,639

$49,249+55.6%

$70,476+8.7%

$79,852-4.0%

Participation rate

94.3%

69.2%+25.2pp

75.1%+19.3pp

69.6%+24.7pp

Annual return

19.72%

30.09%-10.4pp

109.12%-89.4pp

31.72%-12.0pp

Employer contribution / active EE

-$18

$2,100-100.8%

$2,738-100.6%

$2,471-100.7%

Participant deferral / active EE

$1,721

$2,769-37.8%

$3,710-53.6%

$3,740-54.0%

Admin fee / account holder

$1,120

$2,878-61.1%

$3,847-70.9%

$5,306-78.9%

EMPLOYEE BENEFIT PLAN OF FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FIRST STEPS PRE-SCHOOL CENTER, INC. D/B/A LAUREL HILL SCHOOL

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