Retirement plan

THE DERON SCHOOL RETIREMENT PLAN

Name: THE DERON SCHOOL OF NEW JERSEY, INC - THE DERON SCHOOL RETIREMENT PLAN (2023) Form 5500
Creator: THE DERON SCHOOL OF NEW JERSEY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE DERON SCHOOL RETIREMENT PLAN, THE DERON SCHOOL OF NEW JERSEY, INC

THE DERON SCHOOL OF NEW JERSEY, INCEIN 22-2369808Plan #002PY 2023

1140 COMMERCE AVENUE - UNION, NJ 07083908-206-0444deronschool.orgLinkedIn51-200 employeeseducation management

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$18M

+4.2% from 2022

Total participants

171

+1.8% from 2022

Average account balance

$136,199

+10.5% from 2022

Annual return

10.56%

+20.73 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.65M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

186

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.

66.3%

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.8+ years Service code 50 · EIN 45-6062081	Direct Payment	$5,437

Plan features & details

Pension benefit codes2A2E2F2H2T3D

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).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$45 / participant

Investment mgmt$5K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,199

$65,582+107.7%

$64,101+112.5%

$71,511+90.5%

Participation rate

67.5%

73.2%-5.7pp

72.3%-4.8pp

67.9%-0.4pp

Annual return

10.56%

18.96%-8.4pp

33.72%-23.2pp

28.86%-18.3pp

Employer contribution / active EE

$8,315

$2,671+211.4%

$2,749+202.5%

$2,589+221.1%

Participant deferral / active EE

$3,628-100.0%

$3,881-100.0%

$4,291-100.0%

Admin fee / account holder

$41

$616-93.3%

$3,070-98.7%

$1,588-97.4%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.8+ years

Service code 50 · EIN 45-6062081

Direct Payment

$5,437

THE DERON SCHOOL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE DERON SCHOOL RETIREMENT 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