Retirement plan

NEW WORLD PREPARATORY CHARTER SCHOOL 401(K) PLAN

Name: NEW WORLD PREPARATORY CHARTER SCHOOL - NEW WORLD PREPARATORY CHARTER SCHOOL 401(K) PLAN (2020) Form 5500
Creator: NEW WORLD PREPARATORY CHARTER SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW WORLD PREPARATORY CHARTER SCHOOL 401(K) PLAN, NEW WORLD PREPARATORY CHARTER SCHOOL

NEW WORLD PREPARATORY CHARTER SCHOOLEIN 27-2013987Plan #001PY 2020

26 SHARPE AVENUE - STATEN ISLAND, NY 10302718-705-8990newworldprep.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.4M

+40.5% from 2019

Total participants

138

+72.5% from 2019

Average account balance

$30,197

+17.7% from 2019

Annual return

15.43%

-10.56 pp from 2019

Benchmarks

See 37,968 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants100-249

Cohort37,968 peers

Snapshot2020

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$19K

$169 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.803%

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

$30,197

$73,497-58.9%

$67,221-55.1%

$73,497-58.9%

Participation rate

49.6%

70.7%-21.1pp

79.4%-29.8pp

70.7%-21.1pp

Annual return

15.43%

28.51%-13.1pp

20.72%-5.3pp

28.51%-13.1pp

Employer contribution / active EE

$1,490

$2,270-34.3%

$3,723-60.0%

$2,270-34.3%

Participant deferral / active EE

$2,378

$3,740-36.4%

$4,384-45.7%

$3,740-36.4%

Admin fee / account holder

$243

$513-52.7%

$5,844-95.8%

$513-52.7%

NEW WORLD PREPARATORY CHARTER SCHOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW WORLD PREPARATORY 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