Retirement plan

403(B) THRIFT PLAN OF THE LEARNING GATE, AN ASSOCIATION OF CHILD CARE CENTERS, INC.

Name: THE LEARNING GATE, AN ASSOCIATION O F CHILD CARE CENTERS, INC. - 403(B) THRIFT PLAN OF THE LEARNING GATE, AN ASSOCIATION OF CHILD CARE CENTERS, INC. (2016) Form 5500
Creator: THE LEARNING GATE, AN ASSOCIATION O F CHILD CARE CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE LEARNING GATE, AN ASSOCIATION OF CHILD CARE CENTERS, INC., THE LEARNING GATE, AN ASSOCIATION O F CHILD CARE CENTERS, INC.

THE LEARNING GATE, AN ASSOCIATION O F CHILD CARE CENTERS, INC.EIN 22-6093681Plan #002PY 2016

816 OLD YORK RD - RARITAN, NJ 088691706908-722-6789thelearninggate.orgLinkedIn11-50 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

No prior year

Average account balance

$56,331

No prior year

Annual return

-2.10%

No prior year

Benchmarks

See 5,384 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,384 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$255K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

420.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+5.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$169

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 codes2L

Plan features

2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

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

$25K

$2092 / participant

Other / not subdivided$25K100.0%

% of EOY assets

2.228%

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

$56,331

$65,712-14.3%

$57,196-1.5%

$273,972-79.4%

Participation rate

100.0%

78.3%+21.7pp

75.3%+24.7pp

83.0%+17.0pp

Annual return

-2.10%

22.01%-24.1pp

14.59%-16.7pp

41.46%-43.6pp

Employer contribution / active EE

$966

$3,280-70.6%

$2,683-64.0%

$4,869-80.2%

Participant deferral / active EE

$3,385

$3,782-10.5%

$3,096+9.3%

$5,287-36.0%

Admin fee / account holder

$1,255

$4,838-74.1%

$3,141-60.0%

$10,133-87.6%

403(B) THRIFT PLAN OF THE LEARNING GATE, AN ASSOCIATION OF CHILD CARE CENTERS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE LEARNING GATE, AN ASSOCIATION OF CHILD CARE CENTERS, 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