Retirement plan

URBAN COMMUNITY SCHOOL 401(K) PLAN

Name: URBAN COMMUNITY SCHOOL - URBAN COMMUNITY SCHOOL 401(K) PLAN (2022) Form 5500
Creator: URBAN COMMUNITY SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, URBAN COMMUNITY SCHOOL 401(K) PLAN, URBAN COMMUNITY SCHOOL

URBAN COMMUNITY SCHOOLEIN 34-6608706Plan #001PY 2022

4909 LORAIN AVE. - CLEVELAND, OH 441023353216-939-8441urbancommunityschool.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3M

+9.3% from 2021

Total participants

175

+15.9% from 2021

Average account balance

$17,574

-2.9% from 2021

Annual return

-15.42%

-48.57 pp from 2021

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.02M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

151

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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 4 by compensation

Provider	Service type	Compensation
DEFINITY LLC1 year Service code 49	Other Services	$1,396
MORNINGSTAR1 year Service code 27	Advisory (Plan)	$458
EPIC RETIREMENT PLAN SERVICES1 year Filed as: ANCORA RETIREMENT PLAN ADVISORS INC Service code 99 · EIN 23-2697799	Other Fees	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS AND ANNUITY COM Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

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

$3K

$19 / participant

Investment mgmt$1K53.6%
Other / not subdivided$1K46.4%

% of EOY assets

0.094%

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: BAMES WENDLING CPAS, INC
Auditor EIN: 341463411
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,574

$60,989-71.2%

$60,906-71.1%

$66,938-73.7%

Participation rate

96.5%

74.5%+22.1pp

73.1%+23.4pp

69.8%+26.7pp

Annual return

-15.42%

-9.60%-5.8pp

16.94%-32.4pp

1.58%-17.0pp

Employer contribution / active EE

$2,187

$2,661-17.8%

$2,703-19.1%

$2,545-14.1%

Participant deferral / active EE

$2,794

$3,615-22.7%

$3,814-26.8%

$4,238-34.1%

Admin fee / account holder

$16

$338-95.1%

$3,227-99.5%

$594-97.2%

Provider

Service type

Compensation

DEFINITY LLC1 year

Service code 49

Other Services

$1,396

MORNINGSTAR1 year

Service code 27

Advisory (Plan)

$458

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: ANCORA RETIREMENT PLAN ADVISORS INC

Service code 99 · EIN 23-2697799

Other Fees

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS AND ANNUITY COM

Service code 26 · EIN 71-0294708

Advisory (Participants)

URBAN COMMUNITY SCHOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

URBAN COMMUNITY SCHOOL 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