Retirement plan

THE NOTRE DAME PREPARATORY SCHOOL TAX DEFERRED ANNUITY PLAN

Name: NOTRE DAME PREPARATORY SCHOOL INC. - THE NOTRE DAME PREPARATORY SCHOOL TAX DEFERRED ANNUITY PLAN (2024) Form 5500
Creator: NOTRE DAME PREPARATORY SCHOOL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NOTRE DAME PREPARATORY SCHOOL TAX DEFERRED ANNUITY PLAN, NOTRE DAME PREPARATORY SCHOOL INC.

NOTRE DAME PREPARATORY SCHOOL INC.EIN 52-0733735Plan #001PY 2024

815 HAMPTON LN - TOWSON, MD 212861411410-825-6202notredameprep.comLinkedIn51-200 employeeseducation management

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.7M

+5.6% from 2023

Total participants

227

+7.1% from 2023

Average account balance

$71,902

+0.3% from 2023

Annual return

11.81%

-0.83 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.82M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

212

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$336

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$43,058
RBC WEALTH MANAGEMENT10+ years Filed as: RBC CAPITAL MARKETS LLC Service code 17 · EIN 41-1416330	Pension Consulting	$24,991

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$68K

$391 / participant

Contract admin$43K63.3%
Other / not subdivided$25K36.7%

% of EOY assets

0.434%

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: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,902

$69,774+3.0%

$67,561+6.4%

$74,429-3.4%

Participation rate

94.8%

71.4%+23.5pp

72.9%+21.9pp

67.2%+27.6pp

Annual return

11.81%

-40.53%+52.3pp

3525.44%-3513.6pp

1368.38%-1356.6pp

Employer contribution / active EE

$2,541

$2,710-6.2%

$2,735-7.1%

$2,625-3.2%

Participant deferral / active EE

$5,771

$3,636+58.7%

$4,003+44.2%

$4,348+32.7%

Admin fee / account holder

$312

$890-64.9%

$4,006-92.2%

$1,944-83.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$43,058

RBC WEALTH MANAGEMENT10+ years

Filed as: RBC CAPITAL MARKETS LLC

Service code 17 · EIN 41-1416330

Pension Consulting

$24,991

THE NOTRE DAME PREPARATORY SCHOOL TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NOTRE DAME PREPARATORY SCHOOL TAX DEFERRED ANNUITY 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