Retirement plan

FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN

Name: FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES, INC. - FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow returnsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.1M

+9.9% from 2019

Total participants

178

+1.7% from 2019

Average account balance

$25,808

+8.5% from 2019

Annual return

5.80%

-1.28 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Services	$14,620
LPL FINANCIAL3 years Service code 27	Advisory (Plan)	$7,188
JPMORGAN INVEST HOLDINGS LLC5+ years Filed as: CHASE BENEFIT ADVISORS Service code 13 · EIN 54-1370499 4801 COX ROAD · GLEN ALLEN, VA 23060	Contract Administrator	$3,160
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES INC. Service code 53	Insurance Commissions	$214
AMERICAN CENTURY3 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
COLUMBIA3 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
INVESCO3 years Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0
INVESCO1 year Filed as: INVESCO2 Service code 52 · EIN 84-0933032	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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$105 / participant

Contract admin$15K100.0%

% of EOY assets

0.361%

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

$25,808

$66,124-61.0%

$90,440-71.5%

$73,493-64.9%

Participation rate

84.9%

69.7%+15.2pp

72.7%+12.2pp

70.7%+14.2pp

Annual return

5.80%

17.65%-11.9pp

1294.38%-1288.6pp

28.51%-22.7pp

Employer contribution / active EE

$388

$2,346-83.5%

$3,263-88.1%

$2,270-82.9%

Participant deferral / active EE

$2,288

$3,039-24.7%

$3,964-42.3%

$3,740-38.8%

Admin fee / account holder

$93

$396-76.5%

$5,615-98.3%

$513-81.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Services

$14,620

LPL FINANCIAL3 years

Service code 27

Advisory (Plan)

$7,188

JPMORGAN INVEST HOLDINGS LLC5+ years

Filed as: CHASE BENEFIT ADVISORS

Service code 13 · EIN 54-1370499

4801 COX ROAD · GLEN ALLEN, VA 23060

Contract Administrator

$3,160

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES INC.

Service code 53

Insurance Commissions

$214

AMERICAN CENTURY3 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

COLUMBIA3 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 27 · EIN 61-1732930

Advisory (Plan)

INVESCO3 years

Service code 52 · EIN 13-3867060

Indirect Investment Fees

INVESCO1 year

Filed as: INVESCO2

Service code 52 · EIN 84-0933032

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