Retirement plan

JACKSON CHILD DEVELOPMENT CORPORATION PROFIT SHARING PLAN AND TRUST

Name: JACKSON CHILD DEVELOPMENT CORPORATION - JACKSON CHILD DEVELOPMENT CORPORATION PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: JACKSON CHILD DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON CHILD DEVELOPMENT CORPORATION PROFIT SHARING PLAN AND TRUST, JACKSON CHILD DEVELOPMENT CORPORATION

JACKSON CHILD DEVELOPMENT CORPORATIONEIN 11-3237992Plan #001PY 2024

31-36 88TH STREET - JACKSON HEIGHTS, NY 11369718-205-1919

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

+6.2% from 2023

Total participants

143

-26.3% from 2023

Average account balance

$66,153

+58.4% from 2023

Annual return

11.21%

+2.26 pp from 2023

Benchmarks

See 4,475 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,475 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.20M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

133

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.

69.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$850K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$530

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 3 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS4 years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$23,675
SENTINEL PENSION ADVISORS4 years Service code 27 · EIN 04-3422848	Advisory (Plan)	$22,672
TMI CPA, P.C.6 years Service code 10 · EIN 47-2426908	Accounting	$16,082

Plan features & details

Pension benefit codes2E2F2G3D2A2T

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).
2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$67K

$978 / participant

Recordkeeping$24K35.6%
Trustee / custodial$3K5.1%
Investment mgmt$23K34.1%
Other / not subdivided$17K25.2%

% of EOY assets

0.773%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TMI CPA, P.C.
Auditor EIN: 472426908
Audit fees: $16,082
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,153

$48,314+36.9%

$67,561-2.1%

$80,925-18.3%

Participation rate

80.9%

66.4%+14.5pp

72.9%+8.0pp

67.7%+13.2pp

Annual return

11.21%

18.28%-7.1pp

3525.44%-3514.2pp

35.65%-24.4pp

Employer contribution / active EE

$9,508

$2,022+370.3%

$2,735+247.7%

$2,756+245.0%

Participant deferral / active EE

$2,927-100.0%

$4,003-100.0%

$4,299-100.0%

Admin fee / account holder

$512

$3,690-86.1%

$4,006-87.2%

$6,940-92.6%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS4 years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$23,675

SENTINEL PENSION ADVISORS4 years

Service code 27 · EIN 04-3422848

Advisory (Plan)

$22,672

TMI CPA, P.C.6 years

Service code 10 · EIN 47-2426908

Accounting

$16,082

JACKSON CHILD DEVELOPMENT CORPORATION PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON CHILD DEVELOPMENT CORPORATION PROFIT SHARING PLAN AND TRUST

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