Retirement plan

PROMISE EARLY EDUCATION CENTER 403(B) PLAN

Name: ANDROSCOGGIN HEAD START AND CHILD CARE D/B/A PROMISE EARLY EDUCATION C - PROMISE EARLY EDUCATION CENTER 403(B) PLAN (2017) Form 5500
Creator: ANDROSCOGGIN HEAD START AND CHILD CARE D/B/A PROMISE EARLY EDUCATION C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROMISE EARLY EDUCATION CENTER 403(B) PLAN, ANDROSCOGGIN HEAD START AND CHILD CARE D/B/A PROMISE EARLY EDUCATION C

ANDROSCOGGIN HEAD START AND CHILD CARE D/B/A PROMISE EARLY EDUCATION CEIN 23-7323306Plan #001PY 2017

269 BATES STREET - LEWISTON, ME 04240207-795-4040LinkedIn51-200 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+28.6% from 2016

Total participants

100

-3.8% from 2016

Average account balance

$15,860

+36.6% from 2016

Annual return

20.57%

+16.09 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.06M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

102.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$301K

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3085

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 codes2F2G2L2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

$52K

$604 / participant

Other / not subdivided$52K100.0%

% of EOY assets

4.095%

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

$15,860

$84,236-81.2%

$170,435-90.7%

$70,126-77.4%

Participation rate

76.7%

70.8%+5.9pp

83.6%-6.9pp

69.5%+7.2pp

Annual return

20.57%

23.06%-2.5pp

205.94%-185.4pp

73.15%-52.6pp

Employer contribution / active EE

$439

$3,387-87.0%

$5,432-91.9%

$2,343-81.3%

Participant deferral / active EE

$966

$3,086-68.7%

$4,939-80.4%

$3,332-71.0%

Admin fee / account holder

$649

$5,698-88.6%

$13,881-95.3%

$4,645-86.0%

PROMISE EARLY EDUCATION CENTER 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROMISE EARLY EDUCATION CENTER 403(B) 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