Retirement plan

SHORELIGHT RETIREMENT PLAN

Name: SHORELIGHT EDUCATION, LLC - SHORELIGHT RETIREMENT PLAN (2020) Form 5500
Creator: SHORELIGHT EDUCATION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHORELIGHT RETIREMENT PLAN, SHORELIGHT EDUCATION, LLC

SHORELIGHT EDUCATION, LLCEIN 46-2010227Plan #001PY 2020

WORLD TRADE CENTER EAST, TWO SEAPORT LANE, SUITE 500 - BOSTON, MA 02210617-869-2301shorelight.comLinkedIn501-1000 employeeshigher education

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.3M

+19.9% from 2019

Total participants

396

-18.5% from 2019

Average account balance

$30,606

+18.1% from 2019

Annual return

18.98%

-8.30 pp from 2019

Benchmarks

See 929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort929 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.72M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

337

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+18.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$366

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
FIRST REPUBLIC INVESTMENT MGMT1 year Filed as: FIRST REPUBLIC INVESTMENT MANAGEMEN Service code 99	Other Fees	$1,999
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 99 · EIN 71-0294708	Other Fees	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$24K

$95 / participant

Other / not subdivided$24K100.0%

% of EOY assets

0.232%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,606

$84,948-64.0%

$70,494-56.6%

$73,412-58.3%

Participation rate

75.6%

79.9%-4.3pp

75.1%+0.5pp

72.2%+3.4pp

Annual return

18.98%

13.39%+5.6pp

109.16%-90.2pp

59.30%-40.3pp

Employer contribution / active EE

$1,141

$2,834-59.7%

$2,738-58.3%

$2,234-48.9%

Participant deferral / active EE

$7,653

$3,387+126.0%

$3,711+106.3%

$3,806+101.1%

Admin fee / account holder

$71

$98-27.7%

$3,848-98.2%

$158-55.1%

Provider

Service type

Compensation

FIRST REPUBLIC INVESTMENT MGMT1 year

Filed as: FIRST REPUBLIC INVESTMENT MANAGEMEN

Service code 99

Other Fees

$1,999

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 99 · EIN 71-0294708

Other Fees

SHORELIGHT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHORELIGHT 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