Retirement plan

BROOKFIELD ACADEMY RETIREMENT PLAN

Name: ACADEMY OF BASIC EDUCATION - BROOKFIELD ACADEMY RETIREMENT PLAN (2023) Form 5500
Creator: ACADEMY OF BASIC EDUCATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOKFIELD ACADEMY RETIREMENT PLAN, ACADEMY OF BASIC EDUCATION

ACADEMY OF BASIC EDUCATIONdba BROOKFIELD ACADEMYEIN 39-0987840Plan #001PY 2023

3462 N BROOKFIELD RD. - BROOKFIELD, WI 53045262-783-3200LinkedIn201-500 employeesprimary/secondary education

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$19.3M

+13.6% from 2022

Total participants

208

+45.5% from 2022

Average account balance

$92,679

-76.5% from 2022

Annual return

10.38%

+24.08 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.14M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

205

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

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 14 · EIN 27-2037969	Plan Administrator	$19,714

Plan features & details

Pension benefit codes2J2G2F

Plan features

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$20K

$144 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,679

$65,582+41.3%

$64,097+44.6%

$71,529+29.6%

Participation rate

100.0%

73.2%+26.8pp

72.3%+27.7pp

67.9%+32.1pp

Annual return

10.38%

18.96%-8.6pp

33.75%-23.4pp

28.97%-18.6pp

Employer contribution / active EE

$2,765

$2,671+3.5%

$2,750+0.6%

$2,590+6.8%

Participant deferral / active EE

$5,204

$3,628+43.4%

$3,881+34.1%

$4,291+21.3%

Admin fee / account holder

$97

$616-84.3%

$3,070-96.8%

$1,588-93.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 14 · EIN 27-2037969

Plan Administrator

$19,714

BROOKFIELD ACADEMY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOKFIELD ACADEMY RETIREMENT 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