Retirement plan

MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN

Name: MICH ASSOC. OF SCHOOL ADMINISTRATORS - MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN (2019) 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 2019

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

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.2M

+13.1% from 2018

Total participants

-4.0% from 2018

Average account balance

$50,117

+17.8% from 2018

Annual return

4.92%

-4.63 pp from 2018

Benchmarks

See 6,050 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,050 peers

Snapshot2019

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

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

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 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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$71K

$4703 / participant

Other / not subdivided$71K100.0%

% of EOY assets

5.865%

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

$50,117

$77,449-35.3%

$69,483-27.9%

$152,909-67.2%

Participation rate

100.0%

78.1%+21.9pp

74.6%+25.4pp

82.5%+17.5pp

Annual return

4.92%

39.09%-34.2pp

28.99%-24.1pp

345.46%-340.5pp

Employer contribution / active EE

$10,483

$3,316+216.2%

$2,780+277.1%

$4,764+120.1%

Participant deferral / active EE

$4,415-100.0%

$3,537-100.0%

$5,851-100.0%

Admin fee / account holder

$2,939

$6,210-52.7%

$3,841-23.5%

$11,601-74.7%

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