Retirement plan

403(B) THRIFT PLAN OF GPS EDUCATION PARTNERS, INC.

Name: GPS EDUCATION PARTNERS, INC. - 403(B) THRIFT PLAN OF GPS EDUCATION PARTNERS, INC. (2022) Form 5500
Creator: GPS EDUCATION PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF GPS EDUCATION PARTNERS, INC., GPS EDUCATION PARTNERS, INC.

GPS EDUCATION PARTNERS, INC.EIN 39-1667442Plan #001PY 2022

20633 WATERTOWN RD STE 202 - WAUKESHA, WI 531861808262-226-2237gpsed.orgLinkedIn51-200 employeeshigher education

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3M

-14.0% from 2021

Total participants

+5.0% from 2021

Average account balance

$51,086

-19.8% from 2021

Annual return

-20.62%

-46.88 pp from 2021

Benchmarks

See 4,249 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,249 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.40M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$561K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+27.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3331

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 codes2F2G2M2S2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$220K

$5362 / participant

Other / not subdivided$220K100.0%

% of EOY assets

7.294%

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

$51,086

$42,910+19.1%

$60,919-16.1%

$68,490-25.4%

Participation rate

90.2%

66.8%+23.5pp

73.1%+17.1pp

67.9%+22.3pp

Annual return

-20.62%

-13.99%-6.6pp

16.96%-37.6pp

-7.85%-12.8pp

Employer contribution / active EE

$2,825

$1,978+42.8%

$2,704+4.5%

$2,597+8.8%

Participant deferral / active EE

$7,857

$2,866+174.2%

$3,814+106.0%

$4,028+95.1%

Admin fee / account holder

$3,726

$3,104+20.0%

$3,228+15.4%

$5,403-31.0%

403(B) THRIFT PLAN OF GPS EDUCATION PARTNERS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF GPS EDUCATION PARTNERS, INC.

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