Retirement plan

GARFIELD PARK ACADEMY PROFIT SHARING PLAN

Name: THERAPEUTIC LEARNING CENTER - GARFIELD PARK ACADEMY PROFIT SHARING PLAN (2018) Form 5500
Creator: THERAPEUTIC LEARNING CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARFIELD PARK ACADEMY PROFIT SHARING PLAN, THERAPEUTIC LEARNING CENTER

THERAPEUTIC LEARNING CENTERdba GARFIELD PARK ACADEMYEIN 22-3201547Plan #002PY 2018

24 GLENOLDEN LANE - WILLINGBORO, NJ 08046609-877-4111LinkedIn11-50 employeesmental health care

Other plans on this EIN

1 filing

#003Retirement-$1.5M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.7M

+19.9% from 2017

Total participants

113

-12.4% from 2017

Average account balance

$50,802

+22.0% from 2017

Annual return

7.89%

-2.08 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

$11.36M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

113

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.

116.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8294

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

Top 2 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$13,524
ALERUS FINANCIAL, N.A.2 years Filed as: ALREUS FINANCIAL, N.A. Service code 15 · EIN 45-6062081	Recordkeeping	$3,320

Plan features & details

Pension benefit codes2A2E2F2G2T3D

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).
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$17K

$203 / participant

Investment mgmt$17K100.0%

% of EOY assets

0.296%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTON LARSON ALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,802

$43,344+17.2%

$59,899-15.2%

$64,173-20.8%

Participation rate

98.8%

69.2%+29.6pp

74.7%+24.1pp

69.6%+29.2pp

Annual return

7.89%

-1.55%+9.4pp

3.46%+4.4pp

7.63%+0.3pp

Employer contribution / active EE

$8,313

$2,030+309.6%

$2,723+205.3%

$2,381+249.2%

Participant deferral / active EE

$2,547-100.0%

$3,402-100.0%

$3,470-100.0%

Admin fee / account holder

$150

$3,008-95.0%

$3,592-95.8%

$4,887-96.9%

Provider

Service type

Compensation

LPL FINANCIAL3+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$13,524

ALERUS FINANCIAL, N.A.2 years

Filed as: ALREUS FINANCIAL, N.A.

Service code 15 · EIN 45-6062081

Recordkeeping

$3,320

GARFIELD PARK ACADEMY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARFIELD PARK ACADEMY 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