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 (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.1M

+7.9% from 2022

Total participants

0.0% from 2022

Average account balance

$151,411

+6.4% from 2022

Annual return

11.28%

+13.56 pp from 2022

Benchmarks

See 4,415 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,415 peers

Snapshot2023

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$996K

$35587 / participant

Other / not subdivided$996K100.0%

% of EOY assets

9.015%

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

$151,411

$46,534+225.4%

$64,097+136.2%

$75,177+101.4%

Participation rate

100.0%

65.9%+34.1pp

72.3%+27.7pp

67.2%+32.8pp

Annual return

11.28%

26.07%-14.8pp

33.75%-22.5pp

160.75%-149.5pp

Employer contribution / active EE

$12,462

$1,976+530.7%

$2,750+353.2%

$2,671+366.5%

Participant deferral / active EE

$10,679

$2,835+276.7%

$3,881+175.1%

$4,126+158.8%

Admin fee / account holder

$13,650

$2,957+361.7%

$3,070+344.7%

$5,651+141.5%

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