Retirement plan

UNCOMMON SCHOOLS, INC. 403(B) PLAN

Name: UNCOMMON SCHOOLS, INC. - UNCOMMON SCHOOLS, INC. 403(B) PLAN (2017) Form 5500
Creator: UNCOMMON SCHOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNCOMMON SCHOOLS, INC. 403(B) PLAN, UNCOMMON SCHOOLS, INC.

UNCOMMON SCHOOLS, INC.EIN 31-1488698Plan #002PY 2017

826 BROADWAY FL 9 - NEW YORK, NY 10003917-584-6893uncommonschools.orgLinkedIn1001-5000 employeesprimary/secondary education

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$33.1M

+38.1% from 2016

Total participants

2,144

+18.1% from 2016

Average account balance

$22,667

+15.1% from 2016

Annual return

17.52%

+15.78 pp from 2016

Benchmarks

See 251 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort251 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.23M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

1,939

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.

55.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.91M

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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

Top 2 by compensation

Provider	Service type	Compensation
CPI QUALIFIED PLAN CONSULTANTS, INC2+ years Service code 12 · EIN 48-1205033 1809 24TH STREET · GREAT BEND, KS 67530	Sub-transfer agency fees; Recordkeepi...	$54,405
EBNY FINANCIAL LLC2+ years Service code 27 80TH FIFTH AVENUE, SUITE 1403 · NEW YORK, NY 10011	Advisory (Plan)	$33,494

Plan features & details

Pension benefit codes2F2G2M3H

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$53K

$33 / participant

Investment mgmt$53K99.5%
Contract admin$2500.5%

% of EOY assets

0.160%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHNREZNICK, LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,667

$92,091-75.4%

$63,018-64.0%

$77,958-70.9%

Participation rate

57.8%

74.5%-16.6pp

74.8%-17.0pp

71.6%-13.8pp

Annual return

17.52%

16.23%+1.3pp

87.62%-70.1pp

20.87%-3.3pp

Employer contribution / active EE

$1,274

$3,424-62.8%

$2,761-53.9%

$2,310-44.9%

Participant deferral / active EE

$2,430

$3,361-27.7%

$3,330-27.0%

$3,537-31.3%

Admin fee / account holder

$36

$48-24.1%

$3,601-99.0%

$97-62.7%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC2+ years

Service code 12 · EIN 48-1205033

1809 24TH STREET · GREAT BEND, KS 67530

Sub-transfer agency fees; Recordkeepi...

$54,405

EBNY FINANCIAL LLC2+ years

Service code 27

80TH FIFTH AVENUE, SUITE 1403 · NEW YORK, NY 10011

Advisory (Plan)

$33,494

UNCOMMON SCHOOLS, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNCOMMON SCHOOLS, INC. 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