Retirement plan

THE CENTRAL SCHOOL OF PRACTICAL NURSING, INC 403(B) RETIREMENT PLAN

Name: CENTRAL SCHOOL OF PRACTICAL NURSING INC - THE CENTRAL SCHOOL OF PRACTICAL NURSING, INC 403(B) RETIREMENT PLAN (2016) Form 5500
Creator: CENTRAL SCHOOL OF PRACTICAL NURSING INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CENTRAL SCHOOL OF PRACTICAL NURSING, INC 403(B) RETIREMENT PLAN, CENTRAL SCHOOL OF PRACTICAL NURSING INC

CENTRAL SCHOOL OF PRACTICAL NURSING INCEIN 34-0873175Plan #004PY 2016

4700 ROCKSIDE ROAD, SUMMIT I, SUITE 250 - INDEPENDENCE, OH 44131216-901-4400cspnohio.orgLinkedIn11-50 employeeshigher education

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$959K

+8.2% from 2015

Total participants

-4.3% from 2015

Average account balance

$50,493

-3.2% from 2015

Annual return

6.97%

+6.87 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$429K

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

42.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21625

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 codes2F2G2L2M2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

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

$64K

$4264 / participant

Other / not subdivided$64K100.0%

% of EOY assets

6.667%

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

$50,493

$135,956-62.9%

$123,894-59.2%

$273,972-81.6%

Participation rate

80.0%

84.1%-4.1pp

81.4%-1.4pp

83.0%-3.0pp

Annual return

6.97%

56.63%-49.7pp

47.52%-40.5pp

41.46%-34.5pp

Employer contribution / active EE

$2,735

$5,170-47.1%

$4,617-40.8%

$4,869-43.8%

Participant deferral / active EE

$2,221

$6,343-65.0%

$5,984-62.9%

$5,287-58.0%

Admin fee / account holder

$3,366

$9,817-65.7%

$8,357-59.7%

$10,133-66.8%

THE CENTRAL SCHOOL OF PRACTICAL NURSING, INC 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CENTRAL SCHOOL OF PRACTICAL NURSING, INC 403(B) RETIREMENT 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