Retirement plan

MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN

Name: MICH ASSOC. OF SCHOOL ADMINISTRATORS - MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN (2018) Form 5500
Creator: MICH ASSOC. OF SCHOOL ADMINISTRATORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN, MICH ASSOC. OF SCHOOL ADMINISTRATORS

MICH ASSOC. OF SCHOOL ADMINISTRATORSEIN 38-1613620Plan #001PY 2018

1001 CENTENIAL WAY SUITE 300 - LANSING, MI 48917517-327-5910

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.1M

-11.0% from 2017

Total participants

+4.2% from 2017

Average account balance

$42,553

-14.6% from 2017

Annual return

9.55%

-2.01 pp from 2017

Benchmarks

See 5,841 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,841 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 8-year trajectory. $4.99 for your first month.

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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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$414K

$24343 / participant

Other / not subdivided$414K100.0%

% of EOY assets

38.900%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,553

$69,518-38.8%

$59,878-28.9%

$135,375-68.6%

Participation rate

100.0%

77.8%+22.2pp

74.7%+25.3pp

82.6%+17.4pp

Annual return

9.55%

7.94%+1.6pp

3.46%+6.1pp

519.73%-510.2pp

Employer contribution / active EE

$9,854

$3,235+204.6%

$2,722+262.1%

$4,779+106.2%

Participant deferral / active EE

$4,206-100.0%

$3,402-100.0%

$5,609-100.0%

Admin fee / account holder

$16,553

$5,734+188.7%

$3,590+361.0%

$10,827+52.9%

MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION 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