Retirement plan

TAX DEFERRED ANNUITY PLAN OF SOUTHWEST BALTIMORE CHARTER SCHOOL, INC.

Name: SOUTHWEST BALTIMORE CHARTER SCHOOL, INC. - TAX DEFERRED ANNUITY PLAN OF SOUTHWEST BALTIMORE CHARTER SCHOOL, INC. (2020) Form 5500
Creator: SOUTHWEST BALTIMORE CHARTER SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN OF SOUTHWEST BALTIMORE CHARTER SCHOOL, INC., SOUTHWEST BALTIMORE CHARTER SCHOOL, INC.

SOUTHWEST BALTIMORE CHARTER SCHOOL, INC.EIN 41-2146005Plan #001PY 2020

1300 HERKIMER ST - BALTIMORE, MD 212233523443-984-3385sbcschool.orgLinkedIn11-50 employeeseducation management

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$476K

+24.5% from 2019

Total participants

+6.3% from 2019

Average account balance

$28,008

+17.1% from 2019

Annual return

11.79%

-7.72 pp from 2019

Benchmarks

See 6,202 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,202 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$58K

Not enough data

1 years with asset history on file

Average account balance

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

$3K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6805

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2F2G3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$48

$5 / participant

Other / not subdivided$48100.0%

% of EOY assets

0.010%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,008

$81,632-65.7%

$70,449-60.2%

$158,922-82.4%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

11.79%

208.40%-196.6pp

109.03%-97.2pp

302.83%-291.0pp

Employer contribution / active EE

$3,217-100.0%

$2,737-100.0%

$4,761-100.0%

Participant deferral / active EE

$4,845

$4,554+6.4%

$3,709+30.6%

$5,982-19.0%

Admin fee / account holder

$6,193-100.0%

$3,845-99.9%

$11,246-100.0%

TAX DEFERRED ANNUITY PLAN OF SOUTHWEST BALTIMORE CHARTER SCHOOL, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN OF SOUTHWEST BALTIMORE CHARTER SCHOOL, 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