Retirement plan

403(B) THRIFT PLAN OF GEORGE JACKSON ACADEMY

Name: GEORGE JACKSON ACADEMY - 403(B) THRIFT PLAN OF GEORGE JACKSON ACADEMY (2022) Form 5500
Creator: GEORGE JACKSON ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF GEORGE JACKSON ACADEMY, GEORGE JACKSON ACADEMY

GEORGE JACKSON ACADEMYEIN 33-1070696Plan #001PY 2022

104 SAINT MARKS PL - NEW YORK, NY 100095818212-228-6789LinkedIn1-10 employeeseducation management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+8.3% from 2021

Total participants

+14.7% from 2021

Average account balance

$32,192

-3.4% from 2021

Annual return

-3.54%

-19.98 pp from 2021

Benchmarks

See 39,290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,290 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.68M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

318.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4135

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 codes2G3D2J2E2T

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.
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

1 tripped

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

$310

$26 / participant

Other / not subdivided$310100.0%

% of EOY assets

0.026%

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

$32,192

$92,743-65.3%

$82,744-61.1%

$134,532-76.1%

Participation rate

83.3%

75.2%+8.1pp

72.6%+10.8pp

81.2%+2.1pp

Annual return

-3.54%

946.63%-950.2pp

702.22%-705.8pp

418.27%-421.8pp

Employer contribution / active EE

$3,359

$3,273+2.6%

$3,008+11.7%

$4,741-29.1%

Participant deferral / active EE

$7,521

$4,802+56.6%

$4,395+71.1%

$6,401+17.5%

Admin fee / account holder

$5,977-99.9%

$5,325-99.8%

$11,429-99.9%

403(B) THRIFT PLAN OF GEORGE JACKSON ACADEMY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF GEORGE JACKSON ACADEMY

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