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. (2022) 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 2022

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)

$1.6M

-15.3% from 2021

Total participants

+9.5% from 2021

Average account balance

$76,230

-23.4% from 2021

Annual return

-16.29%

-40.74 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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 codes2F2G2T3D

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.
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

$28K

$1539 / participant

Other / not subdivided$28K100.0%

% of EOY assets

1.730%

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

$76,230

$167,353-54.4%

$143,797-47.0%

$134,545-43.3%

Participation rate

88.9%

84.8%+4.1pp

80.3%+8.6pp

81.2%+7.7pp

Annual return

-16.29%

0.48%-16.8pp

-0.04%-16.2pp

418.37%-434.7pp

Employer contribution / active EE

$5,620-100.0%

$4,952-100.0%

$4,742-100.0%

Participant deferral / active EE

$2,560

$6,447-60.3%

$5,638-54.6%

$6,401-60.0%

Admin fee / account holder

$1,319

$18,096-92.7%

$14,679-91.0%

$11,431-88.5%

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