Retirement plan

P.G. CHAMBERS SCHOOL 403(B) PLAN

Name: P.G. CHAMBERS SCHOOL, INC. - P.G. CHAMBERS SCHOOL 403(B) PLAN (2024) Form 5500
Creator: P.G. CHAMBERS SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, P.G. CHAMBERS SCHOOL 403(B) PLAN, P.G. CHAMBERS SCHOOL, INC.

P.G. CHAMBERS SCHOOL, INC.EIN 22-1551480Plan #002PY 2024

15 HALKO DR - CEDAR KNOLLS, NJ 079271306973-829-8484chambersschool.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$20.5M

+16.1% from 2023

Total participants

254

-4.9% from 2023

Average account balance

$124,061

+29.4% from 2023

Annual return

14.28%

-1.90 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.47M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

165

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.

57.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$278

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 3 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Service code 27 · EIN 36-4291971	Advisory (Plan)	$28,741
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$17,198
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2F2G2L2M2T3D

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).
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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$46K

$219 / participant

Investment mgmt$29K62.6%
Contract admin$17K37.4%

% of EOY assets

0.224%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NISIVOCCIA LLP
Auditor EIN: 221914888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,061

$69,774+77.8%

$67,575+83.6%

$74,459+66.6%

Participation rate

57.6%

71.4%-13.8pp

72.9%-15.3pp

67.2%-9.6pp

Annual return

14.28%

-40.53%+54.8pp

3528.98%-3514.7pp

1369.70%-1355.4pp

Employer contribution / active EE

$1,792

$2,710-33.9%

$2,736-34.5%

$2,626-31.7%

Participant deferral / active EE

$4,300

$3,636+18.3%

$4,003+7.4%

$4,350-1.1%

Admin fee / account holder

$278

$890-68.7%

$3,993-93.0%

$1,945-85.7%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Service code 27 · EIN 36-4291971

Advisory (Plan)

$28,741

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,198

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

P.G. CHAMBERS SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

P.G. CHAMBERS SCHOOL 403(B) 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