Retirement plan

NATIONAL STUDENT CLEARINGHOUSE 401(K) RETIREMENT PLAN

Name: NATIONAL STUDENT CLEARINGHOUSE - NATIONAL STUDENT CLEARINGHOUSE 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: NATIONAL STUDENT CLEARINGHOUSE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL STUDENT CLEARINGHOUSE 401(K) RETIREMENT PLAN, NATIONAL STUDENT CLEARINGHOUSE

NATIONAL STUDENT CLEARINGHOUSEEIN 52-1836384Plan #001PY 2020

2300 DULLES STATION BLVD, SUITE 220 - HERNDON, VA 20171703-742-4200studentclearinghouse.orgLinkedIn201-500 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$65.4M

+22.8% from 2019

Total participants

413

+11.0% from 2019

Average account balance

$163,170

+9.7% from 2019

Annual return

16.95%

-3.81 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$99.64M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

465

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$199

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$108,233
MMA SECURITIES LLC2 years Filed as: MARSH USA, INC. Service code 13	Contract Administrator	$19,185
NATIONAL STUDENT CLEARING HOUSE1 year Service code 10 · EIN 52-1836384	Accounting	$18,000
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,309
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
GOLDMAN SACHS3 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
MMA SECURITIES LLC2 years Filed as: MARSH USA INC. Service code 13 · EIN 36-1436000	Contract Administrator	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49	Other Services	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-2468583	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

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

$130K

$367 / participant

Investment mgmt$130K100.0%

% of EOY assets

0.198%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,170

$78,781+107.1%

$100,528+62.3%

$73,412+122.3%

Participation rate

96.6%

80.0%+16.6pp

79.4%+17.2pp

72.2%+24.4pp

Annual return

16.95%

31.69%-14.7pp

30.90%-13.9pp

59.30%-42.3pp

Employer contribution / active EE

$6,544

$2,420+170.5%

$3,419+91.4%

$2,234+193.0%

Participant deferral / active EE

$8,462

$6,537+29.4%

$6,271+34.9%

$3,806+122.3%

Admin fee / account holder

$323

$145+122.3%

$8,084-96.0%

$158+104.6%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$108,233

MMA SECURITIES LLC2 years

Filed as: MARSH USA, INC.

Service code 13

Contract Administrator

$19,185

NATIONAL STUDENT CLEARING HOUSE1 year

Service code 10 · EIN 52-1836384

Accounting

$18,000

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,309

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

GOLDMAN SACHS3 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

MMA SECURITIES LLC2 years

Filed as: MARSH USA INC.

Service code 13 · EIN 36-1436000

Contract Administrator

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49

Other Services

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-2468583

Indirect Investment Fees

NATIONAL STUDENT CLEARINGHOUSE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL STUDENT CLEARINGHOUSE 401(K) RETIREMENT 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