Retirement plan

PROVIDENCE MONTESSORI SCHOOL 403B PLAN

Name: PROVIDENCE MONTESSORI SCHOOL, INC. - PROVIDENCE MONTESSORI SCHOOL 403B PLAN (2020) Form 5500
Creator: PROVIDENCE MONTESSORI SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVIDENCE MONTESSORI SCHOOL 403B PLAN, PROVIDENCE MONTESSORI SCHOOL, INC.

PROVIDENCE MONTESSORI SCHOOL, INC.EIN 31-1041787Plan #003PY 2020

1209 TEXACO RD - LEXINGTON, KY 40508859-255-7330providencemontessoriky.orgLinkedIn11-50 employeesprimary/secondary education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+19.1% from 2019

Total participants

+6.7% from 2019

Average account balance

$22,948

+5.9% from 2019

Annual return

8.06%

+3.95 pp from 2019

Benchmarks

See 3,927 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,927 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.84M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

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.

123.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

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

+9.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$833

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 codes2E2G2J2L3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$27K

$437 / participant

Other / not subdivided$27K100.0%

% of EOY assets

1.875%

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

$22,948

$49,255-53.4%

$70,494-67.4%

$79,856-71.3%

Participation rate

72.6%

69.2%+3.4pp

75.1%-2.5pp

69.6%+2.9pp

Annual return

8.06%

30.10%-22.0pp

109.16%-101.1pp

31.71%-23.6pp

Employer contribution / active EE

$1,315

$2,100-37.4%

$2,738-52.0%

$2,471-46.8%

Participant deferral / active EE

$1,168

$2,768-57.8%

$3,711-68.5%

$3,741-68.8%

Admin fee / account holder

$430

$2,879-85.1%

$3,848-88.8%

$5,306-91.9%

PROVIDENCE MONTESSORI SCHOOL 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE MONTESSORI SCHOOL 403B 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