Retirement plan

DEMOCRACY PREP PUBLIC SCHOOLS, 403(B) RETIREMENT PLAN

Name: DEMOCRACY PREP PUBLIC SCHOOLS, INC. - DEMOCRACY PREP PUBLIC SCHOOLS, 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: DEMOCRACY PREP PUBLIC SCHOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEMOCRACY PREP PUBLIC SCHOOLS, 403(B) RETIREMENT PLAN, DEMOCRACY PREP PUBLIC SCHOOLS, INC.

DEMOCRACY PREP PUBLIC SCHOOLS, INC.EIN 20-2629354Plan #001PY 2017

1767 PARK AVENUE, 4TH FLOOR - NEW YORK, NY 10035212-281-1248democracyprep.orgLinkedIn501-1000 employeeseducation management

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.9M

+41.8% from 2016

Total participants

962

+29.3% from 2016

Average account balance

$16,151

+13.4% from 2016

Annual return

15.86%

+5.94 pp from 2016

Benchmarks

See 942 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort942 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.36M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

1,299

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.

41.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.75M

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

+14.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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 2 by compensation

Provider	Service type	Compensation
THE DAVID J. YVARS GROUP2+ years Service code 49 400 COLUMBUS AVENUE · VALHALLA, NY 10595	Other Services	$41,912
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 15 · EIN 95-6817943	Recordkeeping	$12,020

Plan features & details

Pension benefit codes2E2G2J2K2L3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$54K

$70 / participant

Contract admin$54K100.0%

% of EOY assets

0.362%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,151

$74,552-78.3%

$63,005-74.4%

$69,631-76.8%

Participation rate

94.9%

78.3%+16.6pp

74.8%+20.1pp

70.7%+24.2pp

Annual return

15.86%

15.77%+0.1pp

87.59%-71.7pp

27571.02%-27555.2pp

Employer contribution / active EE

$1,837

$2,929-37.3%

$2,760-33.4%

$2,032-9.6%

Participant deferral / active EE

$2,912

$2,974-2.1%

$3,329-12.5%

$3,224-9.7%

Admin fee / account holder

$58

$59-1.6%

$3,599-98.4%

$110-47.1%

Provider

Service type

Compensation

THE DAVID J. YVARS GROUP2+ years

Service code 49

400 COLUMBUS AVENUE · VALHALLA, NY 10595

Other Services

$41,912

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 15 · EIN 95-6817943

Recordkeeping

$12,020

DEMOCRACY PREP PUBLIC SCHOOLS, 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEMOCRACY PREP PUBLIC SCHOOLS, 403(B) 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