Retirement plan

ESCUELA DEL SOL MONTESSORI 403B PLAN

Name: ESCUELA DEL SOL MONTESSORI 403B PLAN - ESCUELA DEL SOL MONTESSORI 403B PLAN (2023) Form 5500
Creator: ESCUELA DEL SOL MONTESSORI 403B PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESCUELA DEL SOL MONTESSORI 403B PLAN, ESCUELA DEL SOL MONTESSORI 403B PLAN

ESCUELA DEL SOL MONTESSORI 403B PLANEIN 23-7088029Plan #003PY 2023

1114 7TH ST NW - ALBUQUERQUE, NM 871022051escueladelsol.orgLinkedIn51-200 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+17.2% from 2022

Total participants

-5.9% from 2022

Average account balance

$38,179

+32.9% from 2022

Annual return

11.91%

+19.48 pp from 2022

Benchmarks

See 4,415 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,415 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

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

+10.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5127

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 codes2F2G2L2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$16K

$372 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.931%

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

$38,179

$46,534-18.0%

$64,097-40.4%

$75,177-49.2%

Participation rate

93.0%

65.9%+27.1pp

72.3%+20.7pp

67.2%+25.8pp

Annual return

11.91%

26.07%-14.2pp

33.75%-21.8pp

160.75%-148.8pp

Employer contribution / active EE

$773

$1,976-60.9%

$2,750-71.9%

$2,671-71.1%

Participant deferral / active EE

$1,382

$2,835-51.3%

$3,881-64.4%

$4,126-66.5%

Admin fee / account holder

$356

$2,957-88.0%

$3,070-88.4%

$5,651-93.7%

ESCUELA DEL SOL MONTESSORI 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESCUELA DEL SOL MONTESSORI 403B 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