Retirement plan

CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN

Name: CANISIUS HIGH SCHOOL - CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: CANISIUS HIGH SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN, CANISIUS HIGH SCHOOL

CANISIUS HIGH SCHOOLEIN 16-0743943Plan #001PY 2020

1180 DELAWARE AVENUE - BUFFALO, NY 14209716-882-0466canisiushigh.orgLinkedIn51-200 employeeshigher education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.9M

+19.7% from 2019

Total participants

117

-16.4% from 2019

Average account balance

$84,916

+40.4% from 2019

Annual return

14.35%

+11.41 pp from 2019

Benchmarks

See 3,932 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,932 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.43M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

111

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$740K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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 1 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES LLC Service code 99 · EIN 04-1590850	Other Fees	$21,402

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$13K

$138 / participant

Contract admin$13K100.0%

% of EOY assets

0.131%

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: FREED MAXICK CPA'S, PC
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,916

$49,239+72.5%

$70,462+20.5%

$79,858+6.3%

Participation rate

98.9%

69.2%+29.8pp

75.1%+23.9pp

69.6%+29.3pp

Annual return

14.35%

30.08%-15.7pp

109.08%-94.7pp

31.72%-17.4pp

Employer contribution / active EE

$3,718

$2,100+77.1%

$2,737+35.8%

$2,471+50.5%

Participant deferral / active EE

$4,593

$2,769+65.9%

$3,710+23.8%

$3,740+22.8%

Admin fee / account holder

$111

$2,876-96.1%

$3,845-97.1%

$5,306-97.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES LLC

Service code 99 · EIN 04-1590850

Other Fees

$21,402

CANISIUS HIGH SCHOOL 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANISIUS HIGH SCHOOL 401(K) RETIREMENT 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