Retirement plan

NEW WORLD PREPARATORY ACADEMY CHARTER SCHOOL 401(K) PLAN

Name: VICTORY EDUCATION PARTNERS - NEW WORLD PREPARATORY ACADEMY CHARTER SCHOOL 401(K) PLAN (2017) Form 5500
Creator: VICTORY EDUCATION PARTNERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW WORLD PREPARATORY ACADEMY CHARTER SCHOOL 401(K) PLAN, VICTORY EDUCATION PARTNERS

VICTORY EDUCATION PARTNERSEIN 27-2013987Plan #001PY 2017

234 5TH AVE. SUITE 412 - NEW YORK, NY 10001212-786-7947newworldprep.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+59.2% from 2016

Total participants

+5.5% from 2016

Average account balance

$17,666

+32.2% from 2016

Annual return

27.92%

+20.70 pp from 2016

Benchmarks

See 100 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort100 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.81M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

110

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.

50.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$465K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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 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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$35K

$546 / participant

Other / not subdivided$35K100.0%

% of EOY assets

3.355%

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

$17,666

$45,211-60.9%

$56,429-68.7%

$70,126-74.8%

Participation rate

71.9%

73.6%-1.8pp

80.0%-8.2pp

69.5%+2.3pp

Annual return

27.92%

38.45%-10.5pp

19.04%+8.9pp

73.15%-45.2pp

Employer contribution / active EE

$1,505

$2,737-45.0%

$3,405-55.8%

$2,343-35.8%

Participant deferral / active EE

$2,235

$2,735-18.3%

$3,951-43.4%

$3,332-32.9%

Admin fee / account holder

$593

$3,027-80.4%

$4,466-86.7%

$4,645-87.2%

NEW WORLD PREPARATORY ACADEMY CHARTER SCHOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW WORLD PREPARATORY ACADEMY CHARTER 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