Retirement plan

NATIONAL MATH AND SCIENCE INITIATIVE, INC. 401(K) PLAN

Name: NATIONAL MATH AND SCIENCE INITIATIVE, INC. - NATIONAL MATH AND SCIENCE INITIATIVE, INC. 401(K) PLAN (2018) Form 5500
Creator: NATIONAL MATH AND SCIENCE INITIATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL MATH AND SCIENCE INITIATIVE, INC. 401(K) PLAN, NATIONAL MATH AND SCIENCE INITIATIVE, INC.

NATIONAL MATH AND SCIENCE INITIATIVE, INC.EIN 11-3769438Plan #001PY 2018

8350 N. CENTRAL EXPRESSWAY - DALLAS, TX 75206214-346-1200nms.orgLinkedIn51-200 employeeseducation management

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$6.1M

-1.1% from 2017

Total participants

177

+47.5% from 2017

Average account balance

$42,640

-19.1% from 2017

Annual return

-1.77%

-16.72 pp from 2017

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.98M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

178

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$923K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$28,860
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 49 · EIN 13-5674085	Other Services	$11,849
RELIANCE TRUST COMPANY1 year Service code 25 · EIN 58-1428634	Directed Trustee	$325
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT MGT Service code 49 · EIN 36-3429599	Other Services	$22

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$57K

$486 / participant

Contract admin$17K29.0%
Other / not subdivided$41K71.0%

% of EOY assets

0.941%

all-in expense ratio

Categories reported

1 / 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: BKD,LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,640

$55,002-22.5%

$59,887-28.8%

$56,287-24.2%

Participation rate

71.2%

75.9%-4.7pp

74.7%-3.5pp

69.9%+1.3pp

Annual return

-1.77%

1.13%-2.9pp

3.46%-5.2pp

-9.96%+8.2pp

Employer contribution / active EE

$3,455

$2,448+41.1%

$2,722+26.9%

$2,111+63.6%

Participant deferral / active EE

$5,128

$3,121+64.3%

$3,402+50.7%

$3,350+53.1%

Admin fee / account holder

$401

$236+70.1%

$3,591-88.8%

$521-23.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$28,860

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 49 · EIN 13-5674085

Other Services

$11,849

RELIANCE TRUST COMPANY1 year

Service code 25 · EIN 58-1428634

Directed Trustee

$325

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT MGT

Service code 49 · EIN 36-3429599

Other Services

$22

NATIONAL MATH AND SCIENCE INITIATIVE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL MATH AND SCIENCE INITIATIVE, INC. 401(K) 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