Retirement plan

O.A.P.S.E. EMPLOYEES 401(K) PLAN

Name: OHIO ASSOCIATION OF PUBLIC SCHOOL EMPLOYEES - O.A.P.S.E. EMPLOYEES 401(K) PLAN (2024) Form 5500
Creator: OHIO ASSOCIATION OF PUBLIC SCHOOL EMPLOYEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, O.A.P.S.E. EMPLOYEES 401(K) PLAN, OHIO ASSOCIATION OF PUBLIC SCHOOL EMPLOYEES

OHIO ASSOCIATION OF PUBLIC SCHOOL EMPLOYEESEIN 31-1595864Plan #002PY 2024

6805 OAK CREEK DRIVE - COLUMBUS, OH 432291523614-890-4770

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4.9M

-1.9% from 2023

Total participants

-4.2% from 2023

Average account balance

$144,849

+3.9% from 2023

Annual return

16.52%

+6.76 pp from 2023

Benchmarks

See 4,485 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,485 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.55M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

85.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$214K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4844

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 codes2E2F2G2J3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$1.2M

$28609 / participant

Other / not subdivided$1M100.0%

% of EOY assets

23.817%

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

$144,849

$48,284+200.0%

$67,524+114.5%

$80,911+79.0%

Participation rate

70.7%

66.4%+4.3pp

72.9%-2.2pp

67.6%+3.1pp

Annual return

16.52%

18.27%-1.7pp

3519.41%-3502.9pp

35.63%-19.1pp

Employer contribution / active EE

$2,021-100.0%

$2,734-100.0%

$2,756-100.0%

Participant deferral / active EE

$5,688

$2,927+94.4%

$4,001+42.2%

$4,297+32.4%

Admin fee / account holder

$34,499

$3,688+835.5%

$4,001+762.3%

$6,935+397.5%

O.A.P.S.E. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

O.A.P.S.E. EMPLOYEES 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