Retirement plan

THE INDEPENDENCE SCHOOL, INC. 403(B) PLAN

Name: THE INDEPENDENCE SCHOOL, INC. - THE INDEPENDENCE SCHOOL, INC. 403(B) PLAN (2025) Form 5500
Creator: THE INDEPENDENCE SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE INDEPENDENCE SCHOOL, INC. 403(B) PLAN, THE INDEPENDENCE SCHOOL, INC.

THE INDEPENDENCE SCHOOL, INC.EIN 51-0225189Plan #001PY 2025

1300 PAPER MILL ROAD - NEWARK, DE 197113408302-239-0330theindependenceschool.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$24.3M

+6.8% from 2024

Total participants

235

+4.0% from 2024

Average account balance

$134,858

+7.4% from 2024

Annual return

14.11%

+0.73 pp from 2024

Benchmarks

See 879 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort879 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.27M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

180

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$810K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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 5 by compensation

Provider	Service type	Compensation
TIAA2 years Service code 64 · EIN 13-1624203	Recordkeeping Fees	$33,489
SHEPARD FINANCIAL INVESTMENT1 year Service code 27 111 CONGRESSIONAL BLVD · CARMEL, IN 46032	Advisory (Plan)	$28,165
BIDDLE CAPITAL MANAGEMENT3 years Service code 27 · EIN 52-2044910 5807 KENNETT PIKE · WILMINGTON, DE 19807	Advisory (Plan)	$8,790
THE VANGUARD GROUP, INC.3 years Filed as: THE VANGUARD GROUP Service code 64 · EIN 23-1945930	Recordkeeping Fees	$8,385
ATLANTIC PENSION1 year Service code 99 220 N UNION ST. PO BOX 758 · KENNETT SQUARE, PA 19348	Other Fees	$200

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.
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

$79K

$599 / participant

Investment mgmt$37K46.8%
Contract admin$42K53.2%

% of EOY assets

0.326%

all-in expense ratio

Categories reported

2 / 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: BELFINT, LYONS, & SHUMAN, P.A.
Auditor EIN: 510232399
Audit fees: $0
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,858

$64,705+108.4%

$62,929+114.3%

$67,986+98.4%

Participation rate

58.3%

65.6%-7.3pp

73.1%-14.8pp

57.2%+1.1pp

Annual return

14.11%

20.31%-6.2pp

1063.93%-1049.8pp

31.67%-17.6pp

Employer contribution / active EE

$2,451

$2,376+3.2%

$2,505-2.2%

$2,019+21.4%

Participant deferral / active EE

$3,686

$3,198+15.3%

$3,888-5.2%

$3,358+9.8%

Admin fee / account holder

$439

$1,428-69.3%

$5,065-91.3%

$3,203-86.3%

Provider

Service type

Compensation

TIAA2 years

Service code 64 · EIN 13-1624203

Recordkeeping Fees

$33,489

SHEPARD FINANCIAL INVESTMENT1 year

Service code 27

111 CONGRESSIONAL BLVD · CARMEL, IN 46032

Advisory (Plan)

$28,165

BIDDLE CAPITAL MANAGEMENT3 years

Service code 27 · EIN 52-2044910

5807 KENNETT PIKE · WILMINGTON, DE 19807

Advisory (Plan)

$8,790

THE VANGUARD GROUP, INC.3 years

Filed as: THE VANGUARD GROUP

Service code 64 · EIN 23-1945930

Recordkeeping Fees

$8,385

ATLANTIC PENSION1 year

Service code 99

220 N UNION ST. PO BOX 758 · KENNETT SQUARE, PA 19348

Other Fees

$200

THE INDEPENDENCE SCHOOL, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE INDEPENDENCE SCHOOL, INC. 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