Retirement plan

INSTITUTE FOR CITIZENS AND SCHOLARS, INC. DC PLAN

Name: INSTITUTE FOR CITIZENS AND SCHOLARS, INC. - INSTITUTE FOR CITIZENS AND SCHOLARS, INC. DC PLAN (2022) Form 5500
Creator: INSTITUTE FOR CITIZENS AND SCHOLARS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INSTITUTE FOR CITIZENS AND SCHOLARS, INC. DC PLAN, INSTITUTE FOR CITIZENS AND SCHOLARS, INC.

INSTITUTE FOR CITIZENS AND SCHOLARS, INC.EIN 21-0703075Plan #001PY 2022

104 CARNEGIE CENTER,, SUITE 301 - PRINCETON, NJ 08540609-452-7007

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.2M

-8.8% from 2021

Total participants

-1.4% from 2021

Average account balance

$142,308

-12.6% from 2021

Annual return

-2.29%

-18.99 pp from 2021

Benchmarks

See 4,249 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,249 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.81M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

281.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$741K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25001

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 codes2F2G2L2R2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$1.3M

$49490 / participant

Other / not subdivided$1M100.0%

% of EOY assets

12.558%

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

$142,308

$42,910+231.6%

$60,919+133.6%

$68,490+107.8%

Participation rate

96.2%

66.8%+29.4pp

73.1%+23.1pp

67.9%+28.3pp

Annual return

-2.29%

-13.99%+11.7pp

16.96%-19.2pp

-7.85%+5.6pp

Employer contribution / active EE

$11,374

$1,978+474.9%

$2,704+320.7%

$2,597+338.0%

Participant deferral / active EE

$9,956

$2,866+247.4%

$3,814+161.0%

$4,028+147.2%

Admin fee / account holder

$17,871

$3,104+475.7%

$3,228+453.7%

$5,403+230.8%

INSTITUTE FOR CITIZENS AND SCHOLARS, INC. DC PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INSTITUTE FOR CITIZENS AND SCHOLARS, INC. DC 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