Retirement plan

NEW VISIONS FOR PUBLIC SCHOOLS 403(B) PLAN

Name: NEW VISIONS FOR PUBLIC SCHOOLS - NEW VISIONS FOR PUBLIC SCHOOLS 403(B) PLAN (2024) Form 5500
Creator: NEW VISIONS FOR PUBLIC SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW VISIONS FOR PUBLIC SCHOOLS 403(B) PLAN, NEW VISIONS FOR PUBLIC SCHOOLS

NEW VISIONS FOR PUBLIC SCHOOLSEIN 13-3538961Plan #001PY 2024

205 EAST 42ND STREET, 4TH FLOOR - NEW YORK, NY 10017212-645-5110newvisions.orgLinkedIn501-1000 employeeseducation management

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed November 26, 2008

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$73.9M

+11.0% from 2023

Total participants

911

-13.1% from 2023

Average account balance

$81,099

+27.7% from 2023

Annual return

10.53%

-8.48 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$73.88M

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.

911

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

$8.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$442

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.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES Service code 27 800 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$118,474
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$116,309
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$113,354
GELMAN PENSION CONSULTING, INC.2 years Filed as: GELMAN PENSION CONSULTING INC Service code 13 70 WEST 40TH STREET 8TH FLOOR · NEW YORK, NY 10018	Contract Administrator	$44,480
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ CPAS P.C. Service code 10 1065 AVENUE OF AMERICAS · NEW YORK, NY 10018	Accounting	$19,950

Plan features & details

Pension benefit codes2E2F2G2M2S2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$403K

$743 / participant

Recordkeeping$113K28.2%
Investment mgmt$235K58.3%
Contract admin$34K8.6%
Other / not subdivided$20K5.0%

% of EOY assets

0.545%

all-in expense ratio

Categories reported

3 / 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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $19,950
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,099

$65,908+23.0%

$81,812-0.9%

$77,643+4.5%

Participation rate

100.0%

65.8%+34.2pp

72.3%+27.7pp

70.6%+29.4pp

Annual return

10.53%

26.64%-16.1pp

773.79%-763.3pp

31.24%-20.7pp

Employer contribution / active EE

$8,385

$2,370+253.7%

$2,912+187.9%

$2,726+207.6%

Participant deferral / active EE

$6,927

$3,505+97.6%

$4,319+60.4%

$4,647+49.1%

Admin fee / account holder

$442

$526-16.0%

$7,386-94.0%

$430+2.7%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES

Service code 27

800 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$118,474

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$116,309

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$113,354

GELMAN PENSION CONSULTING, INC.2 years

Filed as: GELMAN PENSION CONSULTING INC

Service code 13

70 WEST 40TH STREET 8TH FLOOR · NEW YORK, NY 10018

Contract Administrator

$44,480

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ CPAS P.C.

Service code 10

1065 AVENUE OF AMERICAS · NEW YORK, NY 10018

Accounting

$19,950

NEW VISIONS FOR PUBLIC SCHOOLS 403(B) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW VISIONS FOR PUBLIC SCHOOLS 403(B) PLAN

Top hat statement on fileNQDC

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