Retirement plan

MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN

Name: MICH ASSOC. OF SCHOOL ADMINISTRATORS - MICH ASSOC. OF SCHOOL ADMINISTRATORS EMPLOYEE PENSION PLAN (2020) 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 2020

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.4M

+14.8% from 2019

Total participants

0.0% from 2019

Average account balance

$57,531

+14.8% from 2019

Annual return

5.28%

+0.36 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

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

$56K

$3754 / participant

Other / not subdivided$56K100.0%

% of EOY assets

4.079%

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

$57,531

$81,696-29.6%

$70,494-18.4%

$158,982-63.8%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

5.28%

208.70%-203.4pp

109.16%-103.9pp

302.99%-297.7pp

Employer contribution / active EE

$11,382

$3,220+253.5%

$2,738+315.7%

$4,763+139.0%

Participant deferral / active EE

$4,558-100.0%

$3,711-100.0%

$5,983-100.0%

Admin fee / account holder

$2,347

$6,200-62.2%

$3,848-39.0%

$11,252-79.1%

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