Retirement plan

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

Name: 401(K) PROFIT SHARING PLAN FOR - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF THE MONTESSORI SCHOOL OF WESTMINSTER, INC. (2022) Form 5500
Creator: 401(K) PROFIT SHARING PLAN FOR
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., 401(K) PROFIT SHARING PLAN FOR

401(K) PROFIT SHARING PLAN FOREIN 52-0995239Plan #001PY 2022

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

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$673K

-2.6% from 2021

Total participants

+11.1% from 2021

Average account balance

$23,192

-9.3% from 2021

Annual return

-9.42%

-27.13 pp from 2021

Benchmarks

See 6,929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,929 peers

Snapshot2022

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$7K

$311 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.970%

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

$23,192

$67,396-65.6%

$60,919-61.9%

$134,545-82.8%

Participation rate

95.2%

76.2%+19.0pp

73.1%+22.1pp

81.2%+14.0pp

Annual return

-9.42%

50.12%-59.5pp

16.96%-26.4pp

418.37%-427.8pp

Employer contribution / active EE

$238

$3,101-92.3%

$2,704-91.2%

$4,742-95.0%

Participant deferral / active EE

$2,324

$4,534-48.7%

$3,814-39.1%

$6,401-63.7%

Admin fee / account holder

$225

$4,590-95.1%

$3,228-93.0%

$11,431-98.0%

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