Retirement plan

STRADA EDUCATION NETWORK, INC. SAVINGS INVESTMENT PLAN

Name: STRADA EDUCATION NETWORK, INC. - STRADA EDUCATION NETWORK, INC. SAVINGS INVESTMENT PLAN (2020) Form 5500
Creator: STRADA EDUCATION NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRADA EDUCATION NETWORK, INC. SAVINGS INVESTMENT PLAN, STRADA EDUCATION NETWORK, INC.

STRADA EDUCATION NETWORK, INC.EIN 47-3044430Plan #001PY 2020

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$67.8M

+22.8% from 2019

Total participants

1,572

+16.6% from 2019

Average account balance

$69,054

+20.0% from 2019

Annual return

22.05%

-84.25 pp from 2019

Benchmarks

See 263 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort263 peers

Snapshot2020

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
PROCOURSE FIDUCIARY ADVISORS, LLC4+ years Service code 27 · EIN 45-5291215	Advisory (Plan)	$18,000
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$10,362
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746749	Accounting	$7,000
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	-$31,705

Plan features & details

Pension benefit codes3H2G2J2T3D2R2E

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

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

$4K

$3 / participant

Investment mgmt$10K295.5%

% of EOY assets

0.005%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSENALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,054

$105,581-34.6%

$70,462-2.0%

$90,274-23.5%

Participation rate

53.5%

77.5%-24.0pp

75.1%-21.5pp

73.4%-19.8pp

Annual return

22.05%

14.78%+7.3pp

109.08%-87.0pp

53.97%-31.9pp

Employer contribution / active EE

$2,066

$3,304-37.5%

$2,737-24.5%

$2,523-18.1%

Participant deferral / active EE

$4,066

$3,813+6.6%

$3,710+9.6%

$4,231-3.9%

Admin fee / account holder

$68-94.7%

$3,845-99.9%

$114-96.9%

Provider

Service type

Compensation

PROCOURSE FIDUCIARY ADVISORS, LLC4+ years

Service code 27 · EIN 45-5291215

Advisory (Plan)

$18,000

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$10,362

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746749

Accounting

$7,000

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$31,705

STRADA EDUCATION NETWORK, INC. SAVINGS INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRADA EDUCATION NETWORK, 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