Retirement plan

LEARN4LIFE 403(B) PLAN

Name: DESERT SANDS PUBLIC CHARTER, INC. - LEARN4LIFE 403(B) PLAN (2016) Form 5500
Creator: DESERT SANDS PUBLIC CHARTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEARN4LIFE 403(B) PLAN, DESERT SANDS PUBLIC CHARTER, INC.

DESERT SANDS PUBLIC CHARTER, INC.EIN 48-1272886Plan #001PY 2016

42455 10TH STREET WEST, SUITE 105 - LANCASTER, CA 93534661-272-1225LinkedIn1001-5000 employeescivic & social organization

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$26.7M

+43.3% from 2015

Total participants

1,793

-0.5% from 2015

Average account balance

$20,776

-1.2% from 2015

Annual return

8.72%

+8.90 pp from 2015

Benchmarks

See 239 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort239 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$153.03M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

2,341

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.

76.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$464

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
WOODBURY FINANCIAL SERVICES2+ years Filed as: WOODBURY FINANCIAL SERVICES INC. Service code 22	Insurance Broker	$209,120
SYMETRA LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 91-0742147	Contract Administrator	$3,053
INVESCO2+ years Filed as: AIM/INVESTCO Service code 28 P.O. BOX 4739 · HOUSTON, TX 77210	Investment Management	$0
AMERICAN CENTURY2+ years Filed as: AMERICAN CENTURY INVESTMENTS Service code 28 P.O. BOX 419786 · KANSAS CITY, MO 64141	Investment Management	$0
CALVERT2+ years Filed as: CALVERT GROUP LTD Service code 28 4550 MONTGOMERY AVENUE · BETHESDA, MD 20814	Investment Management	$0
DWS FUNDS2+ years Filed as: DWS INVESTMENTS Service code 28 222 S. RIVERSIDE PLAZA · CHICAGO, IL 60606	Investment Management	$0
FEDERATED2+ years Filed as: FEDERATED INVESTORS Service code 28 P.O. BOX 8600 · BOSTON, MA 02266	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY MANAGEMENT & RESEARCH Service code 28 P.O. BOX 770001 · CINCINNATI, OH 45277	Investment Management	$0
FRANKLIN TEMPLETON2+ years Filed as: FRANKLIN/TEMPLETON Service code 28 ONE FRANKLIN PARKWAY · SAN MATEO, CA 94403	Investment Management	$0
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: ING INVESTMENT, LLC Service code 28 909 LOCUST STREET · DES MOINES, IA 50309	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$2 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 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: WILKINSON HADLEY KING & CO., LLP
Auditor EIN: 522354566
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,776

$85,199-75.6%

$57,196-63.7%

$63,975-67.5%

Participation rate

69.0%

74.0%-5.0pp

75.3%-6.3pp

71.1%-2.1pp

Annual return

8.72%

10.43%-1.7pp

14.59%-5.9pp

48.65%-39.9pp

Employer contribution / active EE

$1,676

$3,446-51.4%

$2,683-37.5%

$2,182-23.2%

Participant deferral / active EE

$2,591

$3,109-16.7%

$3,096-16.3%

$3,356-22.8%

Admin fee / account holder

$39-93.9%

$3,141-99.9%

$70-96.6%

Provider

Service type

Compensation

WOODBURY FINANCIAL SERVICES2+ years

Filed as: WOODBURY FINANCIAL SERVICES INC.

Service code 22

Insurance Broker

$209,120

SYMETRA LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 91-0742147

Contract Administrator

$3,053

INVESCO2+ years

Filed as: AIM/INVESTCO

Service code 28

P.O. BOX 4739 · HOUSTON, TX 77210

Investment Management

AMERICAN CENTURY2+ years

Filed as: AMERICAN CENTURY INVESTMENTS

Service code 28

P.O. BOX 419786 · KANSAS CITY, MO 64141

Investment Management

CALVERT2+ years

Filed as: CALVERT GROUP LTD

Service code 28

4550 MONTGOMERY AVENUE · BETHESDA, MD 20814

Investment Management

DWS FUNDS2+ years

Filed as: DWS INVESTMENTS

Service code 28

222 S. RIVERSIDE PLAZA · CHICAGO, IL 60606

Investment Management

FEDERATED2+ years

Filed as: FEDERATED INVESTORS

Service code 28

P.O. BOX 8600 · BOSTON, MA 02266

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY MANAGEMENT & RESEARCH

Service code 28

P.O. BOX 770001 · CINCINNATI, OH 45277

Investment Management

FRANKLIN TEMPLETON2+ years

Filed as: FRANKLIN/TEMPLETON

Service code 28

ONE FRANKLIN PARKWAY · SAN MATEO, CA 94403

Investment Management

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: ING INVESTMENT, LLC

Service code 28

909 LOCUST STREET · DES MOINES, IA 50309

Investment Management

LEARN4LIFE 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEARN4LIFE 403(B) 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