Retirement plan

TIEGERMAN SCHOOL EMPLOYEES RETIREMENT PLAN

Name: TIEGERMAN SCHOOL - TIEGERMAN SCHOOL EMPLOYEES RETIREMENT PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$37.8M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$37.1M

+13.2% from 2022

Total participants

486

+11.5% from 2022

Average account balance

$84,042

+11.6% from 2022

Annual return

11.54%

+24.91 pp from 2022

Benchmarks

See 964 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort964 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$84,318
COMMOMWEALTH FINANCIAL NETWORK3 years Service code 27	Advisory (Plan)	$48,380
LOREN D. STARK COMPANY3 years Service code 49	Other Services	$14,232
LOREN D. STARK COMPANY3 years Filed as: LOREN S. STARK COMPANY INC Service code 49 · EIN 74-1537058	Other Services	$500
COMMONWEALTH FINANCIAL NETWORK6 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$79K

$241 / participant

Contract admin$78K99.4%
Other / not subdivided$5000.6%

% of EOY assets

0.212%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CERINI & ASSOCIATES LLP
Auditor EIN: 113066459
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,042

$83,884+0.2%

$64,056+31.2%

$74,419+12.9%

Participation rate

86.6%

76.6%+10.0pp

72.3%+14.3pp

70.7%+15.9pp

Annual return

11.54%

16.57%-5.0pp

33.69%-22.1pp

34.38%-22.8pp

Employer contribution / active EE

$8,232

$3,084+167.0%

$2,747+199.7%

$2,637+212.1%

Participant deferral / active EE

$3,692-100.0%

$3,880-100.0%

$4,528-100.0%

Admin fee / account holder

$179

$196-8.9%

$3,068-94.2%

$348-48.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$84,318

COMMOMWEALTH FINANCIAL NETWORK3 years

Service code 27

Advisory (Plan)

$48,380

LOREN D. STARK COMPANY3 years

Service code 49

Other Services

$14,232

LOREN D. STARK COMPANY3 years

Filed as: LOREN S. STARK COMPANY INC

Service code 49 · EIN 74-1537058

Other Services

$500

COMMONWEALTH FINANCIAL NETWORK6 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

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