Retirement plan

EDUCATED FINANCIAL SOLUTION RETIREMENT PLAN

Name: EDUCATED FINANCIAL SOLUTION RETIREM - EDUCATED FINANCIAL SOLUTION RETIREMENT PLAN (2023) Form 5500
Creator: EDUCATED FINANCIAL SOLUTION RETIREM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDUCATED FINANCIAL SOLUTION RETIREMENT PLAN, EDUCATED FINANCIAL SOLUTION RETIREM

EDUCATED FINANCIAL SOLUTION RETIREMdba SUB S CORPEIN 46-1249451Plan #001PY 2023

4319 COVINGTON HWY, STE 203 - DECATUR, GA 30035770-864-3014

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$35K

+181.0% from 2022

Total participants

+50.0% from 2022

Average account balance

$17,503

+181.0% from 2022

Annual return

30.05%

+30.05 pp from 2022

Benchmarks

See 7,486 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort7,486 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$343

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

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 codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$316

$105 / participant

Other / not subdivided$316100.0%

% of EOY assets

0.903%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,503

$69,248-74.7%

$64,101-72.7%

$139,466-87.5%

Participation rate

66.7%

75.6%-8.9pp

72.3%-5.6pp

80.3%-13.7pp

Annual return

30.05%

45.95%-15.9pp

33.72%-3.7pp

373.66%-343.6pp

Employer contribution / active EE

$1,988

$3,185-37.6%

$2,749-27.7%

$4,754-58.2%

Participant deferral / active EE

$4,281

$4,682-8.6%

$3,881+10.3%

$6,712-36.2%

Admin fee / account holder

$158

$4,247-96.3%

$3,070-94.9%

$11,409-98.6%

EDUCATED FINANCIAL SOLUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDUCATED FINANCIAL SOLUTION RETIREMENT 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