Retirement plan

MA-CT GOLDFISH SWIM SCHOOL SAFE HARBOR 401(K) PLAN

Name: NORWOOD SWIM SCHOOL, LLC - MA-CT GOLDFISH SWIM SCHOOL SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: NORWOOD SWIM SCHOOL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MA-CT GOLDFISH SWIM SCHOOL SAFE HARBOR 401(K) PLAN, NORWOOD SWIM SCHOOL, LLC

NORWOOD SWIM SCHOOL, LLCEIN 38-3983271Plan #001PY 2024

2725 NAKOTA RD. - ROYAL OAK, MI 48073248-258-9453

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$177K

+64.2% from 2023

Total participants

+52.9% from 2023

Average account balance

$9,338

+21.0% from 2023

Annual return

12.42%

-5.13 pp from 2023

Benchmarks

See 8,052 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,052 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$223K

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68K

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

+16.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3124

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 codes2E2J2F2G2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$5K

$286 / participant

Other / not subdivided$5K100.0%

% of EOY assets

2.739%

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

$9,338

$72,446-87.1%

$67,561-86.2%

$145,877-93.6%

Participation rate

58.8%

76.9%-18.0pp

72.9%-14.1pp

80.3%-21.5pp

Annual return

12.42%

7211.98%-7199.6pp

3525.44%-3513.0pp

551.28%-538.9pp

Employer contribution / active EE

$1,358

$3,072-55.8%

$2,735-50.3%

$4,663-70.9%

Participant deferral / active EE

$2,139

$4,785-55.3%

$4,003-46.6%

$6,691-68.0%

Admin fee / account holder

$256

$5,541-95.4%

$4,006-93.6%

$13,402-98.1%

MA-CT GOLDFISH SWIM SCHOOL SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MA-CT GOLDFISH SWIM SCHOOL SAFE HARBOR 401(K) 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