Retirement plan

MASON CLASSICAL ACADEMY 403(B)

Name: MASON CLASSICAL ACADEMY, INC - MASON CLASSICAL ACADEMY 403(B) (2023) Form 5500
Creator: MASON CLASSICAL ACADEMY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASON CLASSICAL ACADEMY 403(B), MASON CLASSICAL ACADEMY, INC

MASON CLASSICAL ACADEMY, INCEIN 46-0792829Plan #001PY 2023

3073 SOUTH HORSESHOE DRIVE, SUITE 104 - NAPLES, FL 34104239-330-6144masonacademy.comLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+48.6% from 2022

Total participants

149

-0.7% from 2022

Average account balance

$22,208

+27.4% from 2022

Annual return

15.66%

+32.65 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

$3.14M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$672K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1802

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

Top 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$18,357

Plan features & details

Pension benefit codes2A2M2G2F2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$18K

$147 / participant

Investment mgmt$30.0%
Contract admin$18K100.0%

% of EOY assets

1.074%

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: DAVIS GROUP PA
Auditor EIN: 273609345
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,208

$65,582-66.1%

$64,097-65.4%

$71,529-69.0%

Participation rate

42.4%

73.2%-30.8pp

72.3%-29.9pp

67.9%-25.5pp

Annual return

15.66%

18.96%-3.3pp

33.75%-18.1pp

28.97%-13.3pp

Employer contribution / active EE

$1,363

$2,671-48.9%

$2,750-50.4%

$2,590-47.4%

Participant deferral / active EE

$1,868

$3,628-48.5%

$3,881-51.9%

$4,291-56.5%

Admin fee / account holder

$238

$616-61.3%

$3,070-92.2%

$1,588-85.0%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$18,357

MASON CLASSICAL ACADEMY 403(B)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASON CLASSICAL ACADEMY 403(B)

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