Retirement plan

SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY 401(K) PLAN 401(K)

Name: SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY - SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY 401(K) PLAN 401(K) (2021) Form 5500
Creator: SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY 401(K) PLAN 401(K), SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY

SHEILA C. SKIP NOWELL LEADERSHIP ACADEMYEIN 46-2385806Plan #001PY 2021

150 WASHINGTON ST. - PROVIDENCE, RI 02903401-751-0405

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$208K

+73.2% from 2020

Total participants

-8.0% from 2020

Average account balance

$20,811

+73.2% from 2020

Annual return

36.43%

+37.10 pp from 2020

Benchmarks

See 6,475 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,475 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$320K

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

36.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+7.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3129

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 codes2J2T3D

Plan features

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$15K

$722 / participant

Other / not subdivided$15K100.0%

% of EOY assets

7.281%

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

$20,811

$84,713-75.4%

$75,717-72.5%

$167,518-87.6%

Participation rate

38.1%

77.8%-39.7pp

74.8%-36.7pp

82.1%-44.0pp

Annual return

36.43%

199.49%-163.1pp

104.58%-68.2pp

478.71%-442.3pp

Employer contribution / active EE

$1,569

$3,229-51.4%

$2,743-42.8%

$4,838-67.6%

Participant deferral / active EE

$1,153

$4,578-74.8%

$3,821-69.8%

$6,342-81.8%

Admin fee / account holder

$1,515

$5,357-71.7%

$3,619-58.1%

$12,312-87.7%

SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY 401(K) PLAN 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEILA C. SKIP NOWELL LEADERSHIP ACADEMY 401(K) PLAN 401(K)

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