Retirement plan

UNCOMMON SCHOOLS, INC. 403(B) PLAN

Name: UNCOMMON SCHOOLS, INC. - UNCOMMON SCHOOLS, INC. 403(B) PLAN (2024) 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 2024

55 BROAD ST. 3RD FLOOR - NEW YORK, NY 10004917-971-8351uncommonschools.orgLinkedIn1001-5000 employeesprimary/secondary education

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$84.9M

+18.8% from 2023

Total participants

2,933

-18.3% from 2023

Average account balance

$48,309

+10.9% from 2023

Annual return

17.25%

+3.14 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$138,039
FIDUCIENT ADVISORS LLC2 years Filed as: FIDUCIENT ADVISOR LLC Service code 50 · EIN 36-4001764	Direct Payment	$56,521

Plan features & details

Pension benefit codes2F2G2J2S2T3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$204K

$95 / participant

Contract admin$204K100.0%

% of EOY assets

0.241%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: AAFCPAS, INC
Auditor EIN: 042571780
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,309

$113,568-57.5%

$67,575-28.5%

$199,960-75.8%

Participation rate

45.3%

73.3%-28.0pp

72.9%-27.6pp

72.0%-26.6pp

Annual return

17.25%

15.88%+1.4pp

3528.98%-3511.7pp

34.28%-17.0pp

Employer contribution / active EE

$1,311

$3,409-61.6%

$2,736-52.1%

$3,036-56.8%

Participant deferral / active EE

$2,619

$4,163-37.1%

$4,003-34.6%

$5,087-48.5%

Admin fee / account holder

$116

$102+13.6%

$3,993-97.1%

$269-56.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$138,039

FIDUCIENT ADVISORS LLC2 years

Filed as: FIDUCIENT ADVISOR LLC

Service code 50 · EIN 36-4001764

Direct Payment

$56,521

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