Retirement plan

CHARTER SCHOOL BUSINESS MANAGEMENT, INC. 401(K) PLAN

Name: CHARTER SCHOOL BUSINESS MANAGEMENT, INC. - CHARTER SCHOOL BUSINESS MANAGEMENT, INC. 401(K) PLAN (2016) Form 5500
Creator: CHARTER SCHOOL BUSINESS MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARTER SCHOOL BUSINESS MANAGEMENT, INC. 401(K) PLAN, CHARTER SCHOOL BUSINESS MANAGEMENT, INC.

CHARTER SCHOOL BUSINESS MANAGEMENT, INC.EIN 20-4911319Plan #001PY 2016

237 WEST 35TH STREET, SUITE 301 - NEW YORK, NY 10001646-584-3364csbm.comLinkedIn51-200 employeesfinancial services

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed October 12, 2018

Plan administrator

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237 West 35th Street Suite 301

New York State: NY Zip Code: 10001

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Plans declared (1)

Plan name not on file3 emp

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Total assets (EOY)

$2.1M

No prior year

Total participants

No prior year

Average account balance

$42,426

No prior year

Annual return

9.29%

No prior year

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.91M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$804K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+19.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9139

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 codes2E2J2H3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

$136K

$2618 / participant

Other / not subdivided$136K100.0%

% of EOY assets

6.549%

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

$42,426

$76,551-44.6%

$123,894-65.8%

$62,881-32.5%

Participation rate

94.2%

73.0%+21.2pp

81.4%+12.8pp

69.3%+24.9pp

Annual return

9.29%

18.68%-9.4pp

47.52%-38.2pp

20.14%-10.9pp

Employer contribution / active EE

$2,382

$2,882-17.4%

$4,617-48.4%

$2,281+4.4%

Participant deferral / active EE

$4,793

$4,840-1.0%

$5,984-19.9%

$3,203+49.6%

Admin fee / account holder

$2,778

$4,826-42.4%

$8,357-66.8%

$4,296-35.3%

CHARTER SCHOOL BUSINESS MANAGEMENT, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARTER SCHOOL BUSINESS MANAGEMENT, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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