Retirement plan

WOLCOTT SCHOOL 401(K) PROFIT SHARING PLAN & TRUST

Name: WOLCOTT SCHOOL DBA WOLCOTT COLLEGE PREPARATORY HIGH SCHOOL - WOLCOTT SCHOOL 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: WOLCOTT SCHOOL DBA WOLCOTT COLLEGE PREPARATORY HIGH SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOLCOTT SCHOOL 401(K) PROFIT SHARING PLAN & TRUST, WOLCOTT SCHOOL DBA WOLCOTT COLLEGE PREPARATORY HIGH SCHOOL

WOLCOTT SCHOOL DBA WOLCOTT COLLEGE PREPARATORY HIGH SCHOOLEIN 36-4496852Plan #001PY 2024

524 N. WOLCOTT AVE. - CHICAGO, IL 60622312-610-4900

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.1M

+17.8% from 2023

Total participants

-5.4% from 2023

Average account balance

$44,715

+24.5% from 2023

Annual return

12.83%

-3.01 pp from 2023

Benchmarks

See 4,471 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,471 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.13M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$419K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4129

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 codes2E2F2G2J3D

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.
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

$289K

$4587 / participant

Other / not subdivided$289K100.0%

% of EOY assets

9.233%

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

$44,715

$48,327-7.5%

$67,575-33.8%

$80,935-44.8%

Participation rate

73.0%

66.4%+6.6pp

72.9%+0.1pp

67.7%+5.4pp

Annual return

12.83%

18.31%-5.5pp

3528.98%-3516.2pp

35.66%-22.8pp

Employer contribution / active EE

$1,778

$2,022-12.1%

$2,736-35.0%

$2,757-35.5%

Participant deferral / active EE

$4,868

$2,927+66.3%

$4,003+21.6%

$4,299+13.2%

Admin fee / account holder

$4,129

$3,692+11.8%

$3,993+3.4%

$6,924-40.4%

WOLCOTT SCHOOL 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOLCOTT SCHOOL 401(K) PROFIT SHARING PLAN & TRUST

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