Retirement plan

403(B) THRIFT PLAN OF THE CENTER FOR PROGRESSIVE LEARNING, INC.

Name: THE CENTER FOR PROGRESSIVE LEARNING, INC. - 403(B) THRIFT PLAN OF THE CENTER FOR PROGRESSIVE LEARNING, INC. (2020) Form 5500
Creator: THE CENTER FOR PROGRESSIVE LEARNING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE CENTER FOR PROGRESSIVE LEARNING, INC., THE CENTER FOR PROGRESSIVE LEARNING, INC.

THE CENTER FOR PROGRESSIVE LEARNING, INC.EIN 52-1508258Plan #003PY 2020

500 REDLAND CT STE 204 - OWINGS MILLS, MD 211173266410-581-7800cplcares.orgLinkedIn51-200 employees

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.5M

+8.4% from 2019

Total participants

0.0% from 2019

Average account balance

$87,101

+14.8% from 2019

Annual return

8.21%

+1.94 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.01M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$101K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34700

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 codes2F2G2T

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.
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.

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

$52K

$4036 / participant

Other / not subdivided$52K100.0%

% of EOY assets

3.543%

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

$87,101

$209,422-58.4%

$178,503-51.2%

$158,982-45.2%

Participation rate

76.9%

86.4%-9.4pp

81.9%-5.0pp

82.0%-5.0pp

Annual return

8.21%

188.81%-180.6pp

151.12%-142.9pp

302.99%-294.8pp

Employer contribution / active EE

$769

$5,707-86.5%

$5,011-84.6%

$4,763-83.8%

Participant deferral / active EE

$3,491

$5,955-41.4%

$5,202-32.9%

$5,983-41.7%

Admin fee / account holder

$3,086

$17,079-81.9%

$13,987-77.9%

$11,252-72.6%

403(B) THRIFT PLAN OF THE CENTER FOR PROGRESSIVE LEARNING, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE CENTER FOR PROGRESSIVE LEARNING, 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