Retirement plan

TWIN PARKS MONTESSORI SCHOOLS 401K PLAN

Name: TWIN PARKS MONTESSORI SCHOOLS - TWIN PARKS MONTESSORI SCHOOLS 401K PLAN (2018) Form 5500
Creator: TWIN PARKS MONTESSORI SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN PARKS MONTESSORI SCHOOLS 401K PLAN, TWIN PARKS MONTESSORI SCHOOLS

TWIN PARKS MONTESSORI SCHOOLSEIN 13-3784463Plan #001PY 2018

360 SHORE ROAD, #1200 - LONG BEACH, NY 11561twinparks.orgLinkedIn51-200 employeesprimary/secondary education

Other plans on this EIN

1 filing

#002Retirement-$460K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+4.9% from 2017

Total participants

100

-1.0% from 2017

Average account balance

$14,960

+0.2% from 2017

Annual return

-6.74%

+5.70 pp from 2017

Benchmarks

See 3,833 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,833 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

123.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1435

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 codes2E2F2G2J2T3D

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.
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

1 tripped

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

$29K

$353 / participant

Other / not subdivided$29K100.0%

% of EOY assets

2.178%

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

$14,960

$43,338-65.5%

$59,887-75.0%

$64,173-76.7%

Participation rate

88.0%

69.2%+18.8pp

74.7%+13.3pp

69.6%+18.4pp

Annual return

-6.74%

-1.55%-5.2pp

3.46%-10.2pp

7.63%-14.4pp

Employer contribution / active EE

$1,077

$2,030-47.0%

$2,722-60.4%

$2,381-54.8%

Participant deferral / active EE

$1,078

$2,547-57.7%

$3,402-68.3%

$3,470-68.9%

Admin fee / account holder

$326

$3,007-89.2%

$3,591-90.9%

$4,887-93.3%

TWIN PARKS MONTESSORI SCHOOLS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN PARKS MONTESSORI SCHOOLS 401K 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