Retirement plan

BROOKFIELD ACADEMY RETIREMENT PLAN

Name: ACADEMY OF BASIC EDUCATION - BROOKFIELD ACADEMY RETIREMENT PLAN (2024) 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 2024

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.8M

+7.8% from 2023

Total participants

202

-2.9% from 2023

Average account balance

$102,886

+11.0% from 2023

Annual return

17.65%

+7.27 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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.2 years Filed as: NEWPORT TRUST COMPANY Service code 14 · EIN 27-2037969	Plan Administrator	$14,477

Plan features & details

Pension benefit codes2J2G2F3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$21K

$159 / participant

Recordkeeping$19K93.5%
Other / not subdivided$1K6.5%

% of EOY assets

0.100%

all-in expense ratio

Categories reported

1 / 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

$102,886

$69,774+47.5%

$67,575+52.3%

$74,459+38.2%

Participation rate

100.0%

71.4%+28.6pp

72.9%+27.1pp

67.2%+32.8pp

Annual return

17.65%

-40.53%+58.2pp

3528.98%-3511.3pp

1369.70%-1352.0pp

Employer contribution / active EE

$3,118

$2,710+15.1%

$2,736+14.0%

$2,626+18.8%

Participant deferral / active EE

$6,084

$3,636+67.3%

$4,003+52.0%

$4,350+39.9%

Admin fee / account holder

$102

$890-88.5%

$3,993-97.4%

$1,945-94.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 14 · EIN 27-2037969

Plan Administrator

$14,477

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