Retirement plan

SECTION 403(B) RETIREMENT PLAN FOR FUND FOR PUBLIC SCHOOLS

Name: FUND FOR PUBLIC SCHOOLS, INC. - SECTION 403(B) RETIREMENT PLAN FOR FUND FOR PUBLIC SCHOOLS (2015) Form 5500
Creator: FUND FOR PUBLIC SCHOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECTION 403(B) RETIREMENT PLAN FOR FUND FOR PUBLIC SCHOOLS, FUND FOR PUBLIC SCHOOLS, INC.

FUND FOR PUBLIC SCHOOLS, INC.EIN 11-2656137Plan #001PY 2015

52 CHAMBERS STREET ROOM 305 - NEW YORK, NY 10007212-374-7631

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$756K

No prior year

Total participants

No prior year

Average account balance

$32,849

No prior year

Annual return

-0.41%

No prior year

Benchmarks

See 4,198 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort4,198 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

275.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+1.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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 codes2F2G2L

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$11K

$1886 / participant

Other / not subdivided$11K100.0%

% of EOY assets

1.498%

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

$32,849

$64,311-48.9%

$57,356-42.7%

$125,389-73.8%

Participation rate

83.3%

78.6%+4.7pp

75.1%+8.3pp

83.2%+0.1pp

Annual return

-0.41%

25.14%-25.5pp

24.41%-24.8pp

282.24%-282.6pp

Employer contribution / active EE

$6,859

$3,193+114.8%

$2,689+155.1%

$4,866+41.0%

Participant deferral / active EE

$3,912

$3,846+1.7%

$3,162+23.7%

$5,352-26.9%

Admin fee / account holder

$492

$5,243-90.6%

$3,357-85.3%

$9,541-94.8%

SECTION 403(B) RETIREMENT PLAN FOR FUND FOR PUBLIC SCHOOLS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECTION 403(B) RETIREMENT PLAN FOR FUND FOR PUBLIC SCHOOLS

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