Retirement plan

MORRISTOWN-BEARD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Name: MORRISTOWN-BEARD SCHOOL - MORRISTOWN-BEARD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN (2017) Form 5500
Creator: MORRISTOWN-BEARD SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORRISTOWN-BEARD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN, MORRISTOWN-BEARD SCHOOL

MORRISTOWN-BEARD SCHOOLEIN 22-1487252Plan #001PY 2017

70 WHIPPANY ROAD - MORRISTOWN, NJ 07960973-539-3032mbs.netLinkedIn51-200 employeesprimary/secondary education

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$35.1M

+14.2% from 2016

Total participants

421

-0.7% from 2016

Average account balance

$83,875

+15.3% from 2016

Annual return

13.75%

+6.98 pp from 2016

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.70M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

438

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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
WELL AND GOOD LLC1 year Service code 27 · EIN 27-0984119 1710 ADAMS STREET · MADISON, WI 537112142	Advisory (Plan)	$6,500

Plan features & details

Pension benefit codes2A2G2L2F2C2M

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$7K

$28 / participant

Contract admin$7K100.0%

% of EOY assets

0.018%

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: SUPLEE, CLOONEY AND COMPANY
Auditor EIN: 221427684
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,875

$57,976+44.7%

$63,018+33.1%

$62,293+34.6%

Participation rate

99.1%

75.9%+23.2pp

74.8%+24.3pp

69.5%+29.6pp

Annual return

13.75%

17.54%-3.8pp

87.62%-73.9pp

28.90%-15.2pp

Employer contribution / active EE

$3,784

$2,415+56.7%

$2,761+37.1%

$2,042+85.3%

Participant deferral / active EE

$3,137

$2,956+6.1%

$3,330-5.8%

$3,169-1.0%

Admin fee / account holder

$16

$276-94.4%

$3,601-99.6%

$479-96.8%

Provider

Service type

Compensation

WELL AND GOOD LLC1 year

Service code 27 · EIN 27-0984119

1710 ADAMS STREET · MADISON, WI 537112142

Advisory (Plan)

$6,500

MORRISTOWN-BEARD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORRISTOWN-BEARD SCHOOL DEFINED CONTRIBUTION 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