Retirement plan

NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING 403(B) PLAN

Name: NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING - NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING 403(B) PLAN (2023) Form 5500
Creator: NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING 403(B) PLAN, NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING

NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNINGEIN 45-2736163Plan #001PY 2023

344 GROVE ST, #65400 - JERSEY CITY, NJ 07302212-920-6130

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.4M

+13.1% from 2022

Total participants

137

+0.7% from 2022

Average account balance

$50,862

+14.9% from 2022

Annual return

12.90%

+27.92 pp from 2022

Benchmarks

See 4,420 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,420 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.66M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

135

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.

80.5%

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

$14K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$265

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
NATIONWIDE6 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$21,496
PENTEGRA SERVICES, INC.4 years Service code 14 · EIN 13-3745616 6830 COMMERCE COURT DR · BLACKLICK, OH 43004	Plan Administrator	$11,976

Plan features & details

Pension benefit codes2G2K2L2T2F3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$33K

$631 / participant

Contract admin$33K100.0%

% of EOY assets

0.522%

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: 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

$50,862

$46,599+9.1%

$64,101-20.7%

$75,173-32.3%

Participation rate

79.2%

65.9%+13.3pp

72.3%+6.9pp

67.2%+12.0pp

Annual return

12.90%

26.06%-13.2pp

33.72%-20.8pp

160.72%-147.8pp

Employer contribution / active EE

$1,718

$1,975-13.0%

$2,749-37.5%

$2,671-35.7%

Participant deferral / active EE

$7,575

$2,837+167.0%

$3,881+95.2%

$4,126+83.6%

Admin fee / account holder

$265

$2,956-91.0%

$3,070-91.4%

$5,651-95.3%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$21,496

PENTEGRA SERVICES, INC.4 years

Service code 14 · EIN 13-3745616

6830 COMMERCE COURT DR · BLACKLICK, OH 43004

Plan Administrator

$11,976

NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW CLASSROOMS INNOVATION PARTNERS FOR LEARNING 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