Retirement plan

THE WILLIAMSBURG CHARTER HIGH SCHOOL 403(B) PLAN

Name: THE WILLIAMSBURG CHARTER HIGH SCHOOL - THE WILLIAMSBURG CHARTER HIGH SCHOOL 403(B) PLAN (2023) Form 5500
Creator: THE WILLIAMSBURG CHARTER HIGH SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WILLIAMSBURG CHARTER HIGH SCHOOL 403(B) PLAN, THE WILLIAMSBURG CHARTER HIGH SCHOOL

THE WILLIAMSBURG CHARTER HIGH SCHOOLEIN 42-1624009Plan #002PY 2023

198 VARET STREET, 8TH FLOOR - BROOKLYN, NY 11206718-782-9830thewcs.orgLinkedIn51-200 employeeseducation management

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.6M

+19.0% from 2022

Total participants

237

+6.8% from 2022

Average account balance

$29,427

+19.7% from 2022

Annual return

18.32%

+34.88 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

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

154

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.

46.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 2 by compensation

Provider	Service type	Compensation
WESTPORT CAPITAL MARKETS, LLC9+ years Filed as: WESTPORT BENEFITS GROUP Service code 15 7 PHEASANT LANE · WESTPORT, CT 06880	Recordkeeping	$17,742
SENTINEL PENSION ADVISORS9+ years Filed as: SENTINEL BENEFITS & FINANCIAL GROUP Service code 15 · EIN 20-5916766	Recordkeeping	$9,391

Plan features & details

Pension benefit codes2F2G2J2K2M3D2E

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$194 / participant

Recordkeeping$9K34.6%
Investment mgmt$18K65.4%

% of EOY assets

0.584%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,427

$65,582-55.1%

$64,101-54.1%

$71,511-58.9%

Participation rate

43.6%

73.2%-29.6pp

72.3%-28.7pp

67.9%-24.4pp

Annual return

18.32%

18.96%-0.6pp

33.72%-15.4pp

28.86%-10.5pp

Employer contribution / active EE

$911

$2,671-65.9%

$2,749-66.9%

$2,589-64.8%

Participant deferral / active EE

$2,183

$3,628-39.8%

$3,881-43.8%

$4,291-49.1%

Admin fee / account holder

$172

$616-72.1%

$3,070-94.4%

$1,588-89.2%

Provider

Service type

Compensation

WESTPORT CAPITAL MARKETS, LLC9+ years

Filed as: WESTPORT BENEFITS GROUP

Service code 15

7 PHEASANT LANE · WESTPORT, CT 06880

Recordkeeping

$17,742

SENTINEL PENSION ADVISORS9+ years

Filed as: SENTINEL BENEFITS & FINANCIAL GROUP

Service code 15 · EIN 20-5916766

Recordkeeping

$9,391

THE WILLIAMSBURG CHARTER HIGH SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WILLIAMSBURG CHARTER HIGH SCHOOL 403(B) 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