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 (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.6M

+25.7% from 2022

Total participants

-3.0% from 2022

Average account balance

$29,792

+8.1% from 2022

Annual return

18.98%

+36.72 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

$140K

$1749 / participant

Other / not subdivided$140K100.0%

% of EOY assets

5.462%

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

$29,792

$77,901-61.8%

$149,717-80.1%

$75,181-60.4%

Participation rate

87.5%

65.6%+21.9pp

78.8%+8.7pp

67.2%+20.3pp

Annual return

18.98%

31.73%-12.7pp

134.41%-115.4pp

160.69%-141.7pp

Employer contribution / active EE

$1,267

$3,137-59.6%

$4,820-73.7%

$2,671-52.5%

Participant deferral / active EE

$1,872

$3,411-45.1%

$5,682-67.1%

$4,126-54.6%

Admin fee / account holder

$1,627

$5,949-72.6%

$13,213-87.7%

$5,650-71.2%

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