Retirement plan

PAISBOA 401(K) PROFIT SHARING PLAN

Name: PHILADELPHIA AREA INDEPENDENT SCHOOLS BUSINESS OFFICE ASSN. - PAISBOA 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: PHILADELPHIA AREA INDEPENDENT SCHOOLS BUSINESS OFFICE ASSN.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAISBOA 401(K) PROFIT SHARING PLAN, PHILADELPHIA AREA INDEPENDENT SCHOOLS BUSINESS OFFICE ASSN.

PHILADELPHIA AREA INDEPENDENT SCHOOLS BUSINESS OFFICE ASSN.EIN 46-3562209Plan #001PY 2017

301 IVEN AVENUE, SUITE 315 - WAYNE, PA 19087484-367-7553

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$92K

-8.9% from 2016

Total participants

0.0% from 2016

Average account balance

$15,278

+21.5% from 2016

Annual return

7.21%

-7.50 pp from 2016

Benchmarks

See 5,614 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,614 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$744K

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$99K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$59K

$19534 / participant

Other / not subdivided$59K100.0%

% of EOY assets

63.926%

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

$15,278

$73,546-79.2%

$63,018-75.8%

$147,586-89.6%

Participation rate

33.3%

77.9%-44.5pp

74.8%-41.5pp

82.8%-49.5pp

Annual return

7.21%

175.56%-168.4pp

87.62%-80.4pp

578.59%-571.4pp

Employer contribution / active EE

$4,523

$3,324+36.1%

$2,761+63.8%

$4,876-7.3%

Participant deferral / active EE

$9,600

$4,185+129.4%

$3,330+188.3%

$5,439+76.5%

Admin fee / account holder

$9,767

$5,956+64.0%

$3,601+171.2%

$10,886-10.3%

PAISBOA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAISBOA 401(K) PROFIT SHARING 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