Retirement plan

CHANCELLOR ACADEMY 401(K) PROFIT SHARING PLAN

Name: CHANCE CORPORATION, INC. - CHANCELLOR ACADEMY 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: CHANCE CORPORATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHANCELLOR ACADEMY 401(K) PROFIT SHARING PLAN, CHANCE CORPORATION, INC.

CHANCE CORPORATION, INC.EIN 22-1934342Plan #001PY 2018

7 INDUSTRIAL ROAD, UNIT 203-A - PEQUANNOCK, NJ 07440973-835-4989

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

-18.1% from 2017

Total participants

-20.0% from 2017

Average account balance

$77,347

-6.4% from 2017

Annual return

-4.99%

-19.74 pp from 2017

Benchmarks

See 3,832 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,832 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.90M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

126.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$555K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43417

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 codes2E2G2J2F2T

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.

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

$871K

$25617 / participant

Other / not subdivided$871K100.0%

% of EOY assets

20.108%

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

$77,347

$43,344+78.4%

$59,899+29.1%

$64,173+20.5%

Participation rate

100.0%

69.2%+30.8pp

74.7%+25.3pp

69.6%+30.4pp

Annual return

-4.99%

-1.55%-3.4pp

3.46%-8.5pp

7.63%-12.6pp

Employer contribution / active EE

$1,603

$2,030-21.0%

$2,723-41.1%

$2,381-32.7%

Participant deferral / active EE

$3,569

$2,547+40.1%

$3,402+4.9%

$3,470+2.9%

Admin fee / account holder

$15,553

$3,008+417.0%

$3,592+333.0%

$4,887+218.2%

CHANCELLOR ACADEMY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHANCELLOR ACADEMY 401(K) PROFIT SHARING 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