Retirement plan

NORWOOD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Name: THE NORWOOD SCHOOL, INC. - NORWOOD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN (2023) Form 5500
Creator: THE NORWOOD SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORWOOD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN, THE NORWOOD SCHOOL, INC.

THE NORWOOD SCHOOL, INC.EIN 52-0901098Plan #001PY 2023

8821 RIVER ROAD - BETHESDA, MD 20817301-365-2595norwoodschool.orgLinkedIn51-200 employeeseducation management

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed September 18, 2017

Plan administrator

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8821 River Road

Bethesda State: MD Zip Code: 20817

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$38.6M

+6.7% from 2022

Total participants

391

+1.3% from 2022

Average account balance

$99,153

+4.0% from 2022

Annual return

10.40%

+20.49 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.41M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

377

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 1 by compensation

Provider	Service type	Compensation
APRIO LLP1 year Service code 10 · EIN 57-1157523	Accounting	$16,250

Plan features & details

Pension benefit codes2A2F2G2L

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: APRIO LLP
Auditor EIN: 571157523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,153

$58,292+70.1%

$86,640+14.4%

$71,511+38.7%

Participation rate

98.4%

65.0%+33.4pp

71.7%+26.7pp

67.9%+30.4pp

Annual return

10.40%

21.63%-11.2pp

592.52%-582.1pp

28.86%-18.5pp

Employer contribution / active EE

$5,368

$2,574+108.5%

$3,024+77.5%

$2,589+107.3%

Participant deferral / active EE

$6,526

$3,438+89.8%

$4,438+47.0%

$4,291+52.1%

Admin fee / account holder

-$28

$1,057-102.7%

$5,616-100.5%

$1,588-101.8%

Provider

Service type

Compensation

APRIO LLP1 year

Service code 10 · EIN 57-1157523

Accounting

$16,250

NORWOOD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORWOOD SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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