Retirement plan

ACADEMY OF THE CITY CHARTER SCHOOL 403(B) PLAN

Name: ACADEMY OF THE CITY CHARTER SCHOOL - ACADEMY OF THE CITY CHARTER SCHOOL 403(B) PLAN (2020) Form 5500
Creator: ACADEMY OF THE CITY CHARTER SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACADEMY OF THE CITY CHARTER SCHOOL 403(B) PLAN, ACADEMY OF THE CITY CHARTER SCHOOL

ACADEMY OF THE CITY CHARTER SCHOOLEIN 27-4466971Plan #001PY 2020

31-29 60 STREET, ROOM 101 - WOODSIDE, NY 113770113718-487-9857LinkedIn11-50 employeesprimary/secondary education

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+26.7% from 2019

Total participants

+17.6% from 2019

Average account balance

$26,738

+2.9% from 2019

Annual return

2.06%

-6.56 pp from 2019

Benchmarks

See 3,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,929 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.53M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

100

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.

120.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$693K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2086

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

0 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 codes2G2J2L

Plan features

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

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$17K

$227 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.911%

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

$26,738

$49,249-45.7%

$70,476-62.1%

$79,852-66.5%

Participation rate

75.7%

69.2%+6.5pp

75.1%+0.6pp

69.6%+6.0pp

Annual return

2.06%

30.09%-28.0pp

109.12%-107.1pp

31.72%-29.7pp

Employer contribution / active EE

$1,733

$2,100-17.5%

$2,738-36.7%

$2,471-29.9%

Participant deferral / active EE

$3,174

$2,769+14.6%

$3,710-14.4%

$3,740-15.1%

Admin fee / account holder

$244

$2,878-91.5%

$3,847-93.7%

$5,306-95.4%

ACADEMY OF THE CITY CHARTER SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACADEMY OF THE CITY CHARTER SCHOOL 403(B) 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