Retirement plan

AMERICAN ACADEMY MCALLISTER INS. OF FUNERAL SERVICES INC 401K PROFIT SHARING PLAN & TRUST

Name: AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC. - AMERICAN ACADEMY MCALLISTER INS. OF FUNERAL SERVICES INC 401K PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN ACADEMY MCALLISTER INS. OF FUNERAL SERVICES INC 401K PROFIT SHARING PLAN & TRUST, AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC.

AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES INC.EIN 13-2590811Plan #001PY 2016

619 W 54TH ST - NEW YORK, NY 10019212-757-1190funeraleducation.orgLinkedIn11-50 employeeseducation management

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$447K

No prior year

Total participants

No prior year

Average account balance

$31,943

No prior year

Annual return

2.42%

No prior year

Benchmarks

See 5,387 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,387 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

105.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$996

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 codes2E2J2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$35K

$2529 / participant

Other / not subdivided$35K100.0%

% of EOY assets

7.917%

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

$31,943

$65,685-51.4%

$57,181-44.1%

$273,968-88.3%

Participation rate

85.7%

78.3%+7.4pp

75.3%+10.4pp

83.0%+2.7pp

Annual return

2.42%

21.99%-19.6pp

14.59%-12.2pp

41.45%-39.0pp

Employer contribution / active EE

$3,279-100.0%

$2,682-100.0%

$4,869-100.0%

Participant deferral / active EE

$3,570

$3,781-5.6%

$3,096+15.3%

$5,287-32.5%

Admin fee / account holder

$2,529

$4,835-47.7%

$3,139-19.4%

$10,132-75.0%

AMERICAN ACADEMY MCALLISTER INS. OF FUNERAL SERVICES INC 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN ACADEMY MCALLISTER INS. OF FUNERAL SERVICES INC 401K PROFIT SHARING PLAN & 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