Retirement plan

SCCS EMPLOYEE RETIREMENT PLAN

Name: SOUTHWEST CHICAGO CHRISTIAN SCHOOL ASSOCIATION - SCCS EMPLOYEE RETIREMENT PLAN (2023) Form 5500
Creator: SOUTHWEST CHICAGO CHRISTIAN SCHOOL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCCS EMPLOYEE RETIREMENT PLAN, SOUTHWEST CHICAGO CHRISTIAN SCHOOL ASSOCIATION

SOUTHWEST CHICAGO CHRISTIAN SCHOOL ASSOCIATIONEIN 36-3590627Plan #001PY 2023

12001 SOUTH OAK PARK AVENUE - PALOS HEIGHTS, IL 60463708-388-7656swchristian.orgLinkedIn51-200 employeeshigher education

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+41.3% from 2022

Total participants

173

+1.8% from 2022

Average account balance

$15,175

+45.6% from 2022

Annual return

11.94%

+26.37 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.96M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

164

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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 5 by compensation

Provider	Service type	Compensation
SANTEFORT INVESTMENT GROUP, LLC5+ years Service code 27 · EIN 26-3314473 1316 EAGLE RIDGE DR · SCHERERVILLE, IN 46375	Advisory (Plan)	$5,370
EPIC RETIREMENT PLAN SERVICES4 years Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 13 · EIN 35-2091834 10319 DAWSONS CREEK BLVD. · FORT WAYNE, IN 46825	Contract Administrator	$2,005
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 99 1801 CALIFORNIA STREET · DENVER, CO 80202	Other Fees	$369
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$119
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$104

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$8K

$53 / participant

Contract admin$8K100.0%

% of EOY assets

0.322%

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: KIMBERLIN COMPANY
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,175

$65,582-76.9%

$64,101-76.3%

$71,511-78.8%

Participation rate

93.3%

73.2%+20.1pp

72.3%+21.0pp

67.9%+25.4pp

Annual return

11.94%

18.96%-7.0pp

33.72%-21.8pp

28.86%-16.9pp

Employer contribution / active EE

$1,203

$2,671-55.0%

$2,749-56.2%

$2,589-53.6%

Participant deferral / active EE

$2,616

$3,628-27.9%

$3,881-32.6%

$4,291-39.0%

Admin fee / account holder

$49

$616-92.1%

$3,070-98.4%

$1,588-96.9%

Provider

Service type

Compensation

SANTEFORT INVESTMENT GROUP, LLC5+ years

Service code 27 · EIN 26-3314473

1316 EAGLE RIDGE DR · SCHERERVILLE, IN 46375

Advisory (Plan)

$5,370

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: RETIREMENT PLAN CONCEPTS & SERVICES

Service code 13 · EIN 35-2091834

10319 DAWSONS CREEK BLVD. · FORT WAYNE, IN 46825

Contract Administrator

$2,005

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 99

1801 CALIFORNIA STREET · DENVER, CO 80202

Other Fees

$369

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$119

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$104

SCCS EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCCS EMPLOYEE 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