Retirement plan

SOUTH HILLS SCHOOL OF BUSINESS & TECHNOLOGY SALARY SAVINGS PLAN

Name: SOUTH HILLS SECRETARIAL SCHOOL, INC. DBA - SOUTH HILLS SCHOOL OF BUSINESS & TECHNOLOGY SALARY SAVINGS PLAN (2016) Form 5500
Creator: SOUTH HILLS SECRETARIAL SCHOOL, INC. DBA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH HILLS SCHOOL OF BUSINESS & TECHNOLOGY SALARY SAVINGS PLAN, SOUTH HILLS SECRETARIAL SCHOOL, INC. DBA

SOUTH HILLS SECRETARIAL SCHOOL, INC. DBAEIN 25-1209900Plan #001PY 2016

480 WAUPELANI DR - STATE COLLEGE, PA 168014516814-234-7755

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.9M

No prior year

Total participants

116

No prior year

Average account balance

$38,586

No prior year

Annual return

6.61%

No prior year

Benchmarks

See 1,388 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.11M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

54.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$672

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)

$17819

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

Top 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$14,413

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$132 / participant

Contract admin$14K100.0%

% of EOY assets

0.505%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MCCLINTOCK & ASSOCIATES
Auditor EIN: 251701013
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,586

$52,467-26.5%

$57,196-32.5%

$55,167-30.1%

Participation rate

61.5%

75.8%-14.4pp

75.3%-13.9pp

69.0%-7.5pp

Annual return

6.61%

7.72%-1.1pp

14.59%-8.0pp

169.23%-162.6pp

Employer contribution / active EE

$2,477-100.0%

$2,683-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,193

$2,830-57.9%

$3,096-61.5%

$3,054-60.9%

Admin fee / account holder

$195

$269-27.6%

$3,141-93.8%

$504-61.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$14,413

SOUTH HILLS SCHOOL OF BUSINESS & TECHNOLOGY SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH HILLS SCHOOL OF BUSINESS & TECHNOLOGY SALARY SAVINGS 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