Retirement plan

TIEGERMAN SCHOOL EMPLOYEES RETIREMENT PLAN

Name: TIEGERMAN SCHOOL - TIEGERMAN SCHOOL EMPLOYEES RETIREMENT PLAN (2021) Form 5500
Creator: TIEGERMAN SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIEGERMAN SCHOOL EMPLOYEES RETIREMENT PLAN, TIEGERMAN SCHOOL

TIEGERMAN SCHOOLEIN 11-2739039Plan #003PY 2021

100 GLEN COVE AVENUE - GLEN COVE, NY 115422818516-609-2000LinkedIn501-1000 employeesprimary/secondary education

Other plans on this EIN

1 filing

#001Retirement-$39.5M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$38.8M

+35.3% from 2020

Total participants

438

+21.3% from 2020

Average account balance

$88,663

+10.9% from 2020

Annual return

28.12%

+23.09 pp from 2020

Benchmarks

See 922 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort922 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.99M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

510

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$44,000
LOREN D. STARK COMPANY1 year Service code 49	Other Services	$16,226
COMMONWEALTH FINANCIAL NETWORK4 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$12,738
COMMOMWEALTH FINANCIAL NETWORK1 year Service code 27	Advisory (Plan)	$12,177
SBC BENEFIT CONSULTANTS, INC.1 year Service code 50 · EIN 22-3706875	Direct Payment	$5,145
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850	Other Services	$650
LOREN D. STARK COMPANY1 year Filed as: LOREN S. STARK COMPANY INC Service code 49 · EIN 74-1537058	Other Services	$0

Plan features & details

Pension benefit codes2A2G3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$63K

$198 / participant

Investment mgmt$13K20.4%
Contract admin$43K68.9%
Other / not subdivided$7K10.7%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

2 / 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: CERINI & ASSOCIATES LLP
Auditor EIN: 113066459
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,663

$94,833-6.5%

$75,714+17.1%

$86,821+2.1%

Participation rate

100.0%

79.1%+20.9pp

74.8%+25.2pp

72.3%+27.7pp

Annual return

28.12%

16.91%+11.2pp

104.62%-76.5pp

97.94%-69.8pp

Employer contribution / active EE

$8,703

$2,904+199.6%

$2,744+217.2%

$2,406+261.7%

Participant deferral / active EE

$3,632-100.0%

$3,820-100.0%

$4,132-100.0%

Admin fee / account holder

$143

$109+31.4%

$3,619-96.1%

$170-15.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$44,000

LOREN D. STARK COMPANY1 year

Service code 49

Other Services

$16,226

COMMONWEALTH FINANCIAL NETWORK4 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$12,738

COMMOMWEALTH FINANCIAL NETWORK1 year

Service code 27

Advisory (Plan)

$12,177

SBC BENEFIT CONSULTANTS, INC.1 year

Service code 50 · EIN 22-3706875

Direct Payment

$5,145

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 49 · EIN 04-1590850

Other Services

$650

LOREN D. STARK COMPANY1 year

Filed as: LOREN S. STARK COMPANY INC

Service code 49 · EIN 74-1537058

Other Services

TIEGERMAN SCHOOL EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIEGERMAN SCHOOL EMPLOYEES RETIREMENT 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