Retirement plan

COUNCIL OF THE GREAT CITY SCHOOLS TAX SHELTERED ANNUITY PLAN

Name: COUNCIL OF THE GREAT CITY SCHOOLS - COUNCIL OF THE GREAT CITY SCHOOLS TAX SHELTERED ANNUITY PLAN (2022) Form 5500
Creator: COUNCIL OF THE GREAT CITY SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COUNCIL OF THE GREAT CITY SCHOOLS TAX SHELTERED ANNUITY PLAN, COUNCIL OF THE GREAT CITY SCHOOLS

COUNCIL OF THE GREAT CITY SCHOOLSEIN 36-2481232Plan #001PY 2022

1331 PENNSYLVANIA AVE NW STE 1100N - WASHINGTON, DC 200041701202-393-2427cgsnet.orgLinkedIn11-50 employeeshigher education

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.6M

-22.6% from 2021

Total participants

+9.1% from 2021

Average account balance

$244,252

-26.0% from 2021

Annual return

-7.84%

-21.99 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.09M

Not enough data

1 years with asset history on file

Average account balance

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

$284K

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.

108.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$288K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+7.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31222

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 codes2F2G2L2M2T3D

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.
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

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

$1.4M

$70456 / participant

Other / not subdivided$1M100.0%

% of EOY assets

25.083%

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

$244,252

$92,684+163.5%

$82,706+195.3%

$134,509+81.6%

Participation rate

95.0%

75.2%+19.8pp

72.6%+22.4pp

81.2%+13.8pp

Annual return

-7.84%

945.84%-953.7pp

701.76%-709.6pp

418.13%-426.0pp

Employer contribution / active EE

$6,294

$3,272+92.4%

$3,007+109.3%

$4,741+32.8%

Participant deferral / active EE

$9,696

$4,800+102.0%

$4,394+120.7%

$6,400+51.5%

Admin fee / account holder

$61,266

$5,982+924.2%

$5,329+1049.8%

$11,427+436.2%

COUNCIL OF THE GREAT CITY SCHOOLS TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COUNCIL OF THE GREAT CITY SCHOOLS TAX SHELTERED ANNUITY 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