Retirement plan

THE WASHINGTON JESUIT ACADEMY 403(B) PLAN

Name: WASHINGTON JESUIT ACADEMY - THE WASHINGTON JESUIT ACADEMY 403(B) PLAN (2019) Form 5500
Creator: WASHINGTON JESUIT ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WASHINGTON JESUIT ACADEMY 403(B) PLAN, WASHINGTON JESUIT ACADEMY

WASHINGTON JESUIT ACADEMYEIN 52-2336694Plan #001PY 2019

900 VARNUM ST NE - WASHINGTON, DC 200172145202-832-7679wjacademy.orgLinkedIn11-50 employeeseducation management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.8M

-0.1% from 2018

Total participants

-7.1% from 2018

Average account balance

$99,711

+2.5% from 2018

Annual return

4.71%

-8.23 pp from 2018

Benchmarks

See 3,900 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,900 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.16M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

123.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$489K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35904

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 codes2F2G2L2M2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$573K

$16373 / participant

Other / not subdivided$573K100.0%

% of EOY assets

15.124%

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

$99,711

$45,082+121.2%

$69,464+43.5%

$72,975+36.6%

Participation rate

97.1%

68.5%+28.7pp

74.6%+22.5pp

69.5%+27.7pp

Annual return

4.71%

22.66%-17.9pp

28.98%-24.3pp

81.01%-76.3pp

Employer contribution / active EE

$4,481

$2,055+118.0%

$2,779+61.2%

$2,440+83.6%

Participant deferral / active EE

$6,571

$2,604+152.4%

$3,536+85.8%

$3,608+82.1%

Admin fee / account holder

$15,081

$3,057+393.3%

$3,840+292.7%

$5,124+194.3%

THE WASHINGTON JESUIT ACADEMY 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WASHINGTON JESUIT ACADEMY 403(B) 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