Retirement plan

THE CALAIS SCHOOL 401(K) PLAN

Name: THE CALAIS SCHOOL - THE CALAIS SCHOOL 401(K) PLAN (2023) Form 5500
Creator: THE CALAIS SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CALAIS SCHOOL 401(K) PLAN, THE CALAIS SCHOOL

THE CALAIS SCHOOLEIN 22-1903027Plan #003PY 2023

45 HIGHLAND AVENUE - WHIPPANY, NJ 07981973-884-2030thecalaisschool.orgLinkedIn51-200 employeeseducation management

Other plans on this EIN

2 filings

#002Retirement-$2.5M assets #001Retirement-$2.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+16.4% from 2022

Total participants

135

+12.5% from 2022

Average account balance

$17,985

+5.3% from 2022

Annual return

11.88%

+26.22 pp from 2022

Benchmarks

See 4,420 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,420 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.52M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

133

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.

84.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$427K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$172

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

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 codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.
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

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

$685K

$8565 / participant

Other / not subdivided$685K100.0%

% of EOY assets

30.480%

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

$17,985

$46,599-61.4%

$64,101-71.9%

$75,173-76.1%

Participation rate

87.5%

65.9%+21.6pp

72.3%+15.2pp

67.2%+20.3pp

Annual return

11.88%

26.06%-14.2pp

33.72%-21.8pp

160.72%-148.8pp

Employer contribution / active EE

$7,500

$1,975+279.7%

$2,749+172.9%

$2,671+180.8%

Participant deferral / active EE

$1,990

$2,837-29.9%

$3,881-48.7%

$4,126-51.8%

Admin fee / account holder

$5,482

$2,956+85.5%

$3,070+78.5%

$5,651-3.0%

THE CALAIS SCHOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CALAIS SCHOOL 401(K) 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