Retirement plan

CENTER FOR EDUCATIONAL ADVANCEMENT 403(B) DEFINED CONTRIBUTION PLAN

Name: CENTER FOR EDUCATIONAL ADVANCEMENT - CENTER FOR EDUCATIONAL ADVANCEMENT 403(B) DEFINED CONTRIBUTION PLAN (2022) Form 5500
Creator: CENTER FOR EDUCATIONAL ADVANCEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER FOR EDUCATIONAL ADVANCEMENT 403(B) DEFINED CONTRIBUTION PLAN, CENTER FOR EDUCATIONAL ADVANCEMENT

CENTER FOR EDUCATIONAL ADVANCEMENTEIN 23-7052466Plan #384PY 2022

11 MINNEAKONING ROAD - FLEMINGTON, NJ 08822908-782-1480cedevelopment.orgLinkedIn1-10 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

-21.2% from 2021

Total participants

-12.1% from 2021

Average account balance

$30,882

-16.6% from 2021

Annual return

-14.29%

-25.62 pp from 2021

Benchmarks

See 4,249 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,249 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

112.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$121K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5786

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 codes2E2F2G2J2L2M3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$298K

$6921 / participant

Other / not subdivided$298K100.0%

% of EOY assets

13.967%

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

$30,882

$42,910-28.0%

$60,919-49.3%

$68,490-54.9%

Participation rate

74.4%

66.8%+7.7pp

73.1%+1.3pp

67.9%+6.5pp

Annual return

-14.29%

-13.99%-0.3pp

16.96%-31.2pp

-7.85%-6.4pp

Employer contribution / active EE

$698

$1,978-64.7%

$2,704-74.2%

$2,597-73.1%

Participant deferral / active EE

$1,578

$2,866-44.9%

$3,814-58.6%

$4,028-60.8%

Admin fee / account holder

$4,313

$3,104+38.9%

$3,228+33.6%

$5,403-20.2%

CENTER FOR EDUCATIONAL ADVANCEMENT 403(B) DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER FOR EDUCATIONAL ADVANCEMENT 403(B) DEFINED CONTRIBUTION 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