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 (2022) 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 2022

52 CHAMBERS STREET - NEW YORK, NY 10007212-374-2876

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$941K

-12.1% from 2021

Total participants

0.0% from 2021

Average account balance

$52,299

-12.1% from 2021

Annual return

-19.75%

-33.21 pp from 2021

Benchmarks

See 6,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,929 peers

Snapshot2022

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

1 tripped

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

$8K

$1031 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.876%

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

$52,299

$67,396-22.4%

$60,919-14.2%

$134,545-61.1%

Participation rate

100.0%

76.2%+23.8pp

73.1%+26.9pp

81.2%+18.8pp

Annual return

-19.75%

50.12%-69.9pp

16.96%-36.7pp

418.37%-438.1pp

Employer contribution / active EE

$5,203

$3,101+67.8%

$2,704+92.4%

$4,742+9.7%

Participant deferral / active EE

$4,996

$4,534+10.2%

$3,814+31.0%

$6,401-21.9%

Admin fee / account holder

$458

$4,590-90.0%

$3,228-85.8%

$11,431-96.0%

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