Retirement plan

403(B) THRIFT PLAN FOR EMPLOYEES OF MARYLAND ALLIANCE OF PUBLIC CHARTER SCHOOLS, INC.

Name: MARYLAND ALLIANCE OF PUBLIC CH - 403(B) THRIFT PLAN FOR EMPLOYEES OF MARYLAND ALLIANCE OF PUBLIC CHARTER SCHOOLS, INC. (2024) Form 5500
Creator: MARYLAND ALLIANCE OF PUBLIC CH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR EMPLOYEES OF MARYLAND ALLIANCE OF PUBLIC CHARTER SCHOOLS, INC., MARYLAND ALLIANCE OF PUBLIC CH

MARYLAND ALLIANCE OF PUBLIC CHEIN 52-2282166Plan #001PY 2024

1500 UNION AVE STE 1330 - BALTIMORE, MD 212111979410-919-9678marylandcharterschools.orgLinkedIn1-10 employeeseducation management

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$188K

+62.0% from 2023

Total participants

+25.0% from 2023

Average account balance

$37,506

+29.6% from 2023

Annual return

17.81%

-4.05 pp from 2023

Benchmarks

See 49,949 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$250K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2 / participant

Other / not subdivided$8100.0%

% of EOY assets

0.004%

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

$37,506

$88,754-57.7%

$81,820-54.2%

$145,877-74.3%

Participation rate

100.0%

75.1%+24.9pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

17.81%

1031.77%-1014.0pp

777.93%-760.1pp

551.28%-533.5pp

Employer contribution / active EE

$2,462

$3,085-20.2%

$2,915-15.6%

$4,663-47.2%

Participant deferral / active EE

$10,320

$4,648+122.0%

$4,323+138.7%

$6,691+54.2%

Admin fee / account holder

$8,424-100.0%

$7,391-100.0%

$13,402-100.0%

403(B) THRIFT PLAN FOR EMPLOYEES OF MARYLAND ALLIANCE OF PUBLIC CHARTER SCHOOLS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR EMPLOYEES OF MARYLAND ALLIANCE OF PUBLIC CHARTER SCHOOLS, 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