Retirement plan

FRIENDSHIP ACADEMY 403(B) RETIREMENT PLAN

Name: FRIENDSHIP ACADEMY - FRIENDSHIP ACADEMY 403(B) RETIREMENT PLAN (2015) Form 5500
Creator: FRIENDSHIP ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRIENDSHIP ACADEMY 403(B) RETIREMENT PLAN, FRIENDSHIP ACADEMY

FRIENDSHIP ACADEMYEIN 25-6012886Plan #001PY 2015

255 SOUTH NEGLEY AVENUE - PITTSBURGH, PA 15206412-361-2801LinkedIn11-50 employees

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.9M

No prior year

Total participants

292

No prior year

Average account balance

$19,251

No prior year

Annual return

-0.42%

No prior year

Benchmarks

See 953 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.26M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

487

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.

79.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.88M

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2E2F2K2L2T3D3H

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.
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

2 tripped

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

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: SCHNEIDER DOWNS
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,251

$51,769-62.8%

$57,356-66.4%

$52,331-63.2%

Participation rate

58.6%

75.2%-16.7pp

75.1%-16.5pp

68.1%-9.5pp

Annual return

-0.42%

2.43%-2.8pp

24.41%-24.8pp

4.54%-5.0pp

Employer contribution / active EE

$1,094

$2,335-53.2%

$2,689-59.3%

$1,882-41.9%

Participant deferral / active EE

$858

$2,794-69.3%

$3,162-72.9%

$3,022-71.6%

Admin fee / account holder

$295-100.0%

$3,357-100.0%

$592-100.0%

FRIENDSHIP ACADEMY 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FRIENDSHIP ACADEMY 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion