Retirement plan

CARNEGIE LEARNING, INC. 401(K) PLAN

Name: CARNEGIE LEARNING, INC. - CARNEGIE LEARNING, INC. 401(K) PLAN (2020) Form 5500
Creator: CARNEGIE LEARNING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARNEGIE LEARNING, INC. 401(K) PLAN, CARNEGIE LEARNING, INC.

CARNEGIE LEARNING, INC.EIN 25-1805640Plan #001PY 2020

501 GRANT STREET, SUITE 1075 - PITTSBURGH, PA 15219412-690-2442carnegielearning.comLinkedIn501-1000 employeeshigher education

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.5M

+8.0% from 2019

Total participants

330

+13.8% from 2019

Average account balance

$62,876

+5.2% from 2019

Annual return

11.62%

-64.63 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.04M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

510

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.6+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081	Recordkeeping	$40,174
FOREST CAPITAL MANAGEMENT LLC2 years Filed as: FOREST CAPITAL MANAGEMENT, LLC Service code 17 · EIN 47-5576228	Pension Consulting	$21,934

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2S3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$62K

$222 / participant

Other / not subdivided$62K100.0%

% of EOY assets

0.428%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BENEFIT AUDIT GROUP, LLC
Auditor EIN: 262404897
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,876

$78,781-20.2%

$100,528-37.5%

$73,412-14.4%

Participation rate

64.6%

80.0%-15.4pp

79.4%-14.8pp

72.2%-7.5pp

Annual return

11.62%

31.69%-20.1pp

30.90%-19.3pp

59.30%-47.7pp

Employer contribution / active EE

$782

$2,420-67.7%

$3,419-77.1%

$2,234-65.0%

Participant deferral / active EE

$3,880

$6,537-40.7%

$6,271-38.1%

$3,806+1.9%

Admin fee / account holder

$269

$145+85.0%

$8,084-96.7%

$158+70.3%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.6+ years

Filed as: ALERUS FINANCIAL

Service code 15 · EIN 45-6062081

Recordkeeping

$40,174

FOREST CAPITAL MANAGEMENT LLC2 years

Filed as: FOREST CAPITAL MANAGEMENT, LLC

Service code 17 · EIN 47-5576228

Pension Consulting

$21,934

CARNEGIE LEARNING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARNEGIE LEARNING, INC. 401(K) 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