Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE MONTESSORI SCHOOL OF WESTMINSTER, INC.

Name: THE MONTESSORI SCHOOL OF WESTM - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE MONTESSORI SCHOOL OF WESTMINSTER, INC. (2024) Form 5500
Creator: THE MONTESSORI SCHOOL OF WESTM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE MONTESSORI SCHOOL OF WESTMINSTER, INC., THE MONTESSORI SCHOOL OF WESTM

THE MONTESSORI SCHOOL OF WESTMEIN 52-0995239Plan #001PY 2024

1055 MONTESSORI DR - WESTMINSTER, MD 211582962410-848-6283montessorischoolofwestminster.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$889K

+30.5% from 2023

Total participants

No prior year

Average account balance

$30,666

No prior year

Annual return

31.88%

+22.69 pp from 2023

Benchmarks

See 4,475 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,475 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$889K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

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.

116.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+31.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1691

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$49K

$1961 / participant

Other / not subdivided$49K100.0%

% of EOY assets

5.514%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,666

$48,314-36.5%

$67,561-54.6%

$80,925-62.1%

Participation rate

92.0%

66.4%+25.6pp

72.9%+19.1pp

67.7%+24.3pp

Annual return

31.88%

18.28%+13.6pp

3525.44%-3493.6pp

35.65%-3.8pp

Employer contribution / active EE

$198

$2,022-90.2%

$2,735-92.8%

$2,756-92.8%

Participant deferral / active EE

$1,383

$2,927-52.8%

$4,003-65.5%

$4,299-67.8%

Admin fee / account holder

$1,691

$3,690-54.2%

$4,006-57.8%

$6,940-75.6%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE MONTESSORI SCHOOL OF WESTMINSTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE MONTESSORI SCHOOL OF WESTMINSTER, INC.

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