Retirement plan

403B THRIFT PLAN OF BETTER BEGINNINGS DAY CARE CENTER OF EAST WINDSOR/HIGHTSTOWN, INC.

Name: BETTER BEGINNINGS DAY CARE CENTER - 403B THRIFT PLAN OF BETTER BEGINNINGS DAY CARE CENTER OF EAST WINDSOR/HIGHTSTOWN, INC. (2020) Form 5500
Creator: BETTER BEGINNINGS DAY CARE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403B THRIFT PLAN OF BETTER BEGINNINGS DAY CARE CENTER OF EAST WINDSOR/HIGHTSTOWN, INC., BETTER BEGINNINGS DAY CARE CENTER

BETTER BEGINNINGS DAY CARE CENTERdba OF EAST WINDSOR/HIGHTSTOWN, INCEIN 22-1989487Plan #001PY 2020

PO BOX 187 - HIGHTSTOWN, NJ 08520609-448-6226LinkedIn11-50 employeese-learning

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$221K

+11.4% from 2019

Total participants

+5.9% from 2019

Average account balance

$12,282

+5.2% from 2019

Annual return

2.59%

-1.19 pp from 2019

Benchmarks

See 6,196 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$331K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+5.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 codes2F2G2T3D

Plan features

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$452 / participant

Other / not subdivided$6K100.0%

% of EOY assets

2.661%

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

$12,282

$81,664-85.0%

$70,476-82.6%

$158,966-92.3%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

2.59%

208.59%-206.0pp

109.12%-106.5pp

302.95%-300.4pp

Employer contribution / active EE

$1,443

$3,219-55.2%

$2,738-47.3%

$4,762-69.7%

Participant deferral / active EE

$337

$4,556-92.6%

$3,710-90.9%

$5,983-94.4%

Admin fee / account holder

$327

$6,197-94.7%

$3,847-91.5%

$11,250-97.1%

403B THRIFT PLAN OF BETTER BEGINNINGS DAY CARE CENTER OF EAST WINDSOR/HIGHTSTOWN, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403B THRIFT PLAN OF BETTER BEGINNINGS DAY CARE CENTER OF EAST WINDSOR/HIGHTSTOWN, INC.

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