Retirement plan

STRADA EDUCATION FOUNDATION, INC. SAVINGS INVESTMENT PLAN

Name: STRADA EDUCATION FOUNDATION, INC. - STRADA EDUCATION FOUNDATION, INC. SAVINGS INVESTMENT PLAN (2024) Form 5500
Creator: STRADA EDUCATION FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRADA EDUCATION FOUNDATION, INC. SAVINGS INVESTMENT PLAN, STRADA EDUCATION FOUNDATION, INC.

STRADA EDUCATION FOUNDATION, INC.EIN 47-3044430Plan #001PY 2024

10 W. MARKET ST., SUITE 1100 - INDIANAPOLIS, IN 46204317-806-1231strada.orgLinkedIn501-1000 employeeshigher education

Prospect flagsLow participationFailed to provide benefit

How to read this page

Total assets (EOY)

$87.8M

+12.2% from 2023

Total participants

1,528

+10.9% from 2023

Average account balance

$100,178

+7.9% from 2023

Annual return

16.90%

-3.93 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.76M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

876

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.

44.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-33

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 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.8+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$25,655
PROCOURSE FIDUCIARY ADVISORS, LLC8+ years Service code 27 · EIN 45-5291215	Advisory (Plan)	$23,550
CLIFTONLARSONALLEN LLP7 years Service code 10 · EIN 41-0746749	Accounting	$11,971
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	-$89,862

Plan features & details

Pension benefit codes2E2G2J2R2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

-$29K

$-25 / participant

Investment mgmt$49K0.0%

% of EOY assets

-0.033%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $11,971
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,178

$113,568-11.8%

$67,575+48.2%

$199,960-49.9%

Participation rate

44.2%

73.3%-29.1pp

72.9%-28.7pp

72.0%-27.8pp

Annual return

16.90%

15.88%+1.0pp

3528.98%-3512.1pp

34.28%-17.4pp

Employer contribution / active EE

$2,382

$3,409-30.1%

$2,736-12.9%

$3,036-21.5%

Participant deferral / active EE

$4,688

$4,163+12.6%

$4,003+17.1%

$5,087-7.8%

Admin fee / account holder

-$33

$102-132.1%

$3,993-100.8%

$269-112.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.8+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$25,655

PROCOURSE FIDUCIARY ADVISORS, LLC8+ years

Service code 27 · EIN 45-5291215

Advisory (Plan)

$23,550

CLIFTONLARSONALLEN LLP7 years

Service code 10 · EIN 41-0746749

Accounting

$11,971

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$89,862

STRADA EDUCATION FOUNDATION, INC. SAVINGS INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRADA EDUCATION FOUNDATION, INC. SAVINGS INVESTMENT 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