Retirement plan

LEGACY TRADITIONAL SCHOOLS 401(K) PLAN

Name: LEGACY TRADITIONAL SCHOOLS - LEGACY TRADITIONAL SCHOOLS 401(K) PLAN (2021) Form 5500
Creator: LEGACY TRADITIONAL SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGACY TRADITIONAL SCHOOLS 401(K) PLAN, LEGACY TRADITIONAL SCHOOLS

LEGACY TRADITIONAL SCHOOLSEIN 46-0641842Plan #002PY 2021

3201 S GILBERT RD, BLDG A - CHANDLER, AZ 85286480-270-5438legacytraditional.orgLinkedIn1001-5000 employeeseducation management

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$18M

+47.4% from 2020

Total participants

1,716

+23.7% from 2020

Average account balance

$24,599

+26.4% from 2020

Annual return

29.93%

+23.44 pp from 2020

Benchmarks

See 270 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort270 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.50M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

858

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.

42.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.98M

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 49 · EIN 04-1590850	Other Services	$92,522
LPL FINANCIAL4+ years Filed as: LPL FINANCIAL RP Service code 27 · EIN 04-3046611	Advisory (Plan)	$26,581
MID-ATLANTIC PENSION SPECIALISTS4+ years Service code 13 · EIN 23-2776666	Contract Administrator	$9,858
AMERICAN FUNDS4+ years Service code 52 · EIN 95-6006886	Indirect Investment Fees	$0
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB Service code 52 · EIN 94-3106735	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-6382595	Indirect Investment Fees	$0
PGIM INVESTMENTS2 years Service code 52 · EIN 13-2974999	Indirect Investment Fees	$0
T ROWE PRICE RPS INC4+ years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1827505	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 23-1999755	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$119K

$78 / participant

Contract admin$119K100.0%

% of EOY assets

0.662%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SCHMIDT WESTERGARD & CO., PLLC
Auditor EIN: 860271207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,599

$120,057-79.5%

$75,717-67.5%

$93,010-73.6%

Participation rate

35.8%

77.3%-41.5pp

74.8%-39.0pp

73.9%-38.1pp

Annual return

29.93%

19.62%+10.3pp

104.58%-74.7pp

158.70%-128.8pp

Employer contribution / active EE

$1,089

$3,253-66.5%

$2,743-60.3%

$2,705-59.7%

Participant deferral / active EE

$1,463

$4,089-64.2%

$3,821-61.7%

$4,561-67.9%

Admin fee / account holder

$163

$81+100.1%

$3,619-95.5%

$152+7.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 49 · EIN 04-1590850

Other Services

$92,522

LPL FINANCIAL4+ years

Filed as: LPL FINANCIAL RP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$26,581

MID-ATLANTIC PENSION SPECIALISTS4+ years

Service code 13 · EIN 23-2776666

Contract Administrator

$9,858

AMERICAN FUNDS4+ years

Service code 52 · EIN 95-6006886

Indirect Investment Fees

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB

Service code 52 · EIN 94-3106735

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-6382595

Indirect Investment Fees

PGIM INVESTMENTS2 years

Service code 52 · EIN 13-2974999

Indirect Investment Fees

T ROWE PRICE RPS INC4+ years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1827505

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 23-1999755

Indirect Investment Fees

LEGACY TRADITIONAL SCHOOLS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGACY TRADITIONAL SCHOOLS 401(K) 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