Retirement plan

FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN

Name: FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES, INC. - FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN (2019) Form 5500
Creator: FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN, FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES, INC.

FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES, INC.EIN 54-1144064Plan #001PY 2019

9400 THORNTON ROLLING ROAD - FREDERICKSBURG, VA 22408540-373-5355

Prospect flagsLow returnsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.7M

+17.0% from 2018

Total participants

175

+2.9% from 2018

Average account balance

$23,796

+9.5% from 2018

Annual return

7.08%

-3.49 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.70M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

226

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$658K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Services	$12,954
LPL FINANCIAL2 years Service code 27 · EIN 04-3046611	Advisory (Plan)	$6,336
JPMORGAN INVEST HOLDINGS LLC4+ years Filed as: CHASE BENEFIT ADVISORS Service code 13 · EIN 54-1370499 4801 COX ROAD · GLEN ALLEN, VA 23060	Contract Administrator	$2,908
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES, INC. Service code 53	Insurance Commissions	$18
CENTURY CAPITAL MANAGEMENT, LLC2 years Filed as: AM. CENTURY Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
AMERICAN CENTURY2 years Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
INVESCO2 years Service code 52 · EIN 95-2513084	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$96 / participant

Contract admin$13K100.0%

% of EOY assets

0.351%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,796

$51,620-53.9%

$90,304-73.6%

$65,185-63.5%

Participation rate

85.2%

68.6%+16.6pp

73.3%+11.9pp

70.2%+15.0pp

Annual return

7.08%

24.94%-17.9pp

78.13%-71.1pp

29.38%-22.3pp

Employer contribution / active EE

$305

$2,235-86.3%

$2,855-89.3%

$2,177-86.0%

Participant deferral / active EE

$2,138

$2,871-25.5%

$3,885-45.0%

$3,514-39.2%

Admin fee / account holder

$84

$384-78.3%

$5,354-98.4%

$847-90.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Services

$12,954

LPL FINANCIAL2 years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$6,336

JPMORGAN INVEST HOLDINGS LLC4+ years

Filed as: CHASE BENEFIT ADVISORS

Service code 13 · EIN 54-1370499

4801 COX ROAD · GLEN ALLEN, VA 23060

Contract Administrator

$2,908

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES, INC.

Service code 53

Insurance Commissions

$18

CENTURY CAPITAL MANAGEMENT, LLC2 years

Filed as: AM. CENTURY

Service code 52 · EIN 90-0342299

Indirect Investment Fees

AMERICAN CENTURY2 years

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

INVESCO2 years

Service code 52 · EIN 95-2513084

Indirect Investment Fees

FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FREDERICKSBURG CHRISTIAN SCHOOL 401(K) 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