Retirement plan

MANY FARMS COMMUNITY SCHOOL 401(K) PLAN

Name: MANY FARMS COMMUNITY SCHOOL, INC. - MANY FARMS COMMUNITY SCHOOL 401(K) PLAN (2023) Form 5500
Creator: MANY FARMS COMMUNITY SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANY FARMS COMMUNITY SCHOOL 401(K) PLAN, MANY FARMS COMMUNITY SCHOOL, INC.

MANY FARMS COMMUNITY SCHOOL, INC.EIN 26-2582636Plan #001PY 2023

P.O. BOX 70 - MANY FARMS, AZ 86538928-781-6221mfcsaz.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow returnsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+21.6% from 2022

Total participants

146

+5.0% from 2022

Average account balance

$15,022

+15.7% from 2022

Annual return

10.59%

+26.36 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.96M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

129

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$386K

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

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
EQUITABLE ADVISORS LLC3 years Filed as: EQUITABLE ADVISORS, LLC Service code 26 · EIN 13-4078005 100 MADISON ST. · SYRACUSE, NY 13202	Advisory (Participants)	$6,566
PFG ADVISORS, LLC1 year Service code 26 · EIN 47-2483769 3200 N. CENTRAL AVE. · PHOENIX, AZ 85012	Advisory (Participants)	$5,364
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Service code 15 · EIN 01-0233346	Recordkeeping	$1,910

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$43K

$375 / participant

Investment mgmt$12K27.6%
Contract admin$18K41.0%
Other / not subdivided$14K31.4%

% of EOY assets

1.968%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: N/A - INDIAN TRIBAL GOVERNMENT PLAN
Auditor EIN: 991234567
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,022

$65,582-77.1%

$64,101-76.6%

$71,511-79.0%

Participation rate

100.0%

73.2%+26.8pp

72.3%+27.7pp

67.9%+32.1pp

Annual return

10.59%

18.96%-8.4pp

33.72%-23.1pp

28.86%-18.3pp

Employer contribution / active EE

$1,684

$2,671-36.9%

$2,749-38.7%

$2,589-35.0%

Participant deferral / active EE

$1,620

$3,628-55.3%

$3,881-58.3%

$4,291-62.2%

Admin fee / account holder

$296

$616-52.0%

$3,070-90.4%

$1,588-81.4%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC3 years

Filed as: EQUITABLE ADVISORS, LLC

Service code 26 · EIN 13-4078005

100 MADISON ST. · SYRACUSE, NY 13202

Advisory (Participants)

$6,566

PFG ADVISORS, LLC1 year

Service code 26 · EIN 47-2483769

3200 N. CENTRAL AVE. · PHOENIX, AZ 85012

Advisory (Participants)

$5,364

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 01-0233346

Recordkeeping

$1,910

MANY FARMS COMMUNITY SCHOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANY FARMS COMMUNITY SCHOOL 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