Retirement plan

CHANCELLOR ACADEMY 401(K) PROFIT SHARING PLAN

Name: CHANCE CORPORATION, INC. - CHANCELLOR ACADEMY 401(K) PROFIT SHARING PLAN (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7M

+14.9% from 2023

Total participants

+11.6% from 2023

Average account balance

$147,949

+2.7% from 2023

Annual return

12.47%

+2.89 pp from 2023

Benchmarks

See 4,475 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,475 peers

Snapshot2024

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

$128K

$3376 / participant

Other / not subdivided$128K100.0%

% of EOY assets

1.845%

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

$147,949

$48,314+206.2%

$67,561+119.0%

$80,925+82.8%

Participation rate

97.4%

66.4%+31.0pp

72.9%+24.5pp

67.7%+29.7pp

Annual return

12.47%

18.28%-5.8pp

3525.44%-3513.0pp

35.65%-23.2pp

Employer contribution / active EE

$1,668

$2,022-17.5%

$2,735-39.0%

$2,756-39.5%

Participant deferral / active EE

$5,537

$2,927+89.2%

$4,003+38.3%

$4,299+28.8%

Admin fee / account holder

$2,729

$3,690-26.0%

$4,006-31.9%

$6,940-60.7%

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