Retirement plan

LIVING CLASSROOMS FOUNDATION RETIREMENT AND EMPLOYEE SAVINGS PLAN

Name: LIVING CLASSROOMS FOUNDATION - LIVING CLASSROOMS FOUNDATION RETIREMENT AND EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: LIVING CLASSROOMS FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIVING CLASSROOMS FOUNDATION RETIREMENT AND EMPLOYEE SAVINGS PLAN, LIVING CLASSROOMS FOUNDATION

LIVING CLASSROOMS FOUNDATIONEIN 52-1369524Plan #001PY 2024

802 S. CAROLINE STREET - BALTIMORE, MD 21231410-685-0295livingclassrooms.orgLinkedIn201-500 employeeseducation management

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.1M

+10.4% from 2023

Total participants

227

-11.0% from 2023

Average account balance

$122,232

+28.8% from 2023

Annual return

13.30%

-2.77 pp from 2023

Benchmarks

See 2,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,058 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.07M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

32.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$378K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9356

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 codes2F2G2L2M2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$617K

$3072 / participant

Other / not subdivided$617K100.0%

% of EOY assets

7.654%

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

$122,232

$60,393+102.4%

$81,820+49.4%

$74,429+64.2%

Participation rate

19.9%

62.9%-43.0pp

72.4%-52.5pp

67.2%-47.3pp

Annual return

13.30%

16.89%-3.6pp

777.93%-764.6pp

1368.38%-1355.1pp

Employer contribution / active EE

$551

$2,626-79.0%

$2,915-81.1%

$2,625-79.0%

Participant deferral / active EE

$1,329

$3,397-60.9%

$4,323-69.3%

$4,348-69.4%

Admin fee / account holder

$9,356

$1,491+527.6%

$7,391+26.6%

$1,944+381.2%

LIVING CLASSROOMS FOUNDATION RETIREMENT AND EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIVING CLASSROOMS FOUNDATION RETIREMENT AND EMPLOYEE SAVINGS 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