Retirement plan

ILLINOIS NETWORK OF CHARTER SCHOOLS 403(B) TDA PLAN

Name: ILLINOIS NETWORK OF CHARTER SCHOOLS - ILLINOIS NETWORK OF CHARTER SCHOOLS 403(B) TDA PLAN (2020) Form 5500
Creator: ILLINOIS NETWORK OF CHARTER SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILLINOIS NETWORK OF CHARTER SCHOOLS 403(B) TDA PLAN, ILLINOIS NETWORK OF CHARTER SCHOOLS

ILLINOIS NETWORK OF CHARTER SCHOOLSEIN 14-1862409Plan #001PY 2020

150 N. MICHIGAN AVE, SUITE 430 - CHICAGO, IL 60601312-629-2063incschools.orgLinkedIn11-50 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$857K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$945K

+26.4% from 2019

Total participants

+10.7% from 2019

Average account balance

$36,337

+2.1% from 2019

Annual return

19.46%

-6.64 pp from 2019

Benchmarks

See 6,196 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.48M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

164.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2924

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 codes2F2G2L2M2J3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

$10K

$540 / participant

Other / not subdivided$10K100.0%

% of EOY assets

1.087%

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

$36,337

$81,664-55.5%

$70,476-48.4%

$158,966-77.1%

Participation rate

73.7%

77.7%-4.0pp

75.1%-1.4pp

82.0%-8.3pp

Annual return

19.46%

208.59%-189.1pp

109.12%-89.7pp

302.95%-283.5pp

Employer contribution / active EE

$3,219-100.0%

$2,738-100.0%

$4,762-100.0%

Participant deferral / active EE

$3,264

$4,556-28.4%

$3,710-12.0%

$5,983-45.4%

Admin fee / account holder

$395

$6,197-93.6%

$3,847-89.7%

$11,250-96.5%

ILLINOIS NETWORK OF CHARTER SCHOOLS 403(B) TDA PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILLINOIS NETWORK OF CHARTER SCHOOLS 403(B) TDA 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