Retirement plan

FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN

Name: FREDERICKSBURG CHRISTIAN EDUCATIONAL SERVICES, INC. - FREDERICKSBURG CHRISTIAN SCHOOL 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.9M

+16.3% from 2022

Total participants

203

+2.0% from 2022

Average account balance

$27,061

+13.7% from 2022

Annual return

13.70%

+24.69 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

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 7 by compensation

Provider	Service type	Compensation
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: BENEFIT DESIGN & ADMIN, INC DBA CBA Service code 13 · EIN 54-1370499	Contract Administrator	$54,562
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS. COMPANY OF AM. Service code 64 8515 EAST ORCHID RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$25,098
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL LIFE INS. COMPANY Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$8,763
LPL FINANCIAL6 years Service code 27 · EIN 04-3046611	Advisory (Plan)	$7,478
MMLIS1 year Service code 55 1295 STATE ST · SPRINGFIELD, MA 011110001	Other Commissions	$5,666
JPMORGAN INVEST HOLDINGS LLC8+ years Filed as: CHASE BENEFIT ADVISORS Service code 13 · EIN 54-1370499	Contract Administrator	$3,836
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MML INVESTORS SERVICES INC. Service code 53 · EIN 04-2746212	Insurance Commissions	$1,140

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$35K

$227 / participant

Investment mgmt$34K98.0%
Contract admin$7202.0%

% of EOY assets

0.715%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,061

$58,264-53.6%

$86,617-68.8%

$71,495-62.1%

Participation rate

86.5%

65.0%+21.5pp

71.7%+14.8pp

67.9%+18.5pp

Annual return

13.70%

21.63%-7.9pp

591.91%-578.2pp

28.85%-15.2pp

Employer contribution / active EE

$493

$2,574-80.9%

$3,023-83.7%

$2,589-81.0%

Participant deferral / active EE

$2,436

$3,436-29.1%

$4,437-45.1%

$4,291-43.2%

Admin fee / account holder

$193

$1,057-81.7%

$5,613-96.6%

$1,588-87.8%

Provider

Service type

Compensation

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: BENEFIT DESIGN & ADMIN, INC DBA CBA

Service code 13 · EIN 54-1370499

Contract Administrator

$54,562

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS. COMPANY OF AM.

Service code 64

8515 EAST ORCHID RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$25,098

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL LIFE INS. COMPANY

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$8,763

LPL FINANCIAL6 years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$7,478

MMLIS1 year

Service code 55

1295 STATE ST · SPRINGFIELD, MA 011110001

Other Commissions

$5,666

JPMORGAN INVEST HOLDINGS LLC8+ years

Filed as: CHASE BENEFIT ADVISORS

Service code 13 · EIN 54-1370499

Contract Administrator

$3,836

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MML INVESTORS SERVICES INC.

Service code 53 · EIN 04-2746212

Insurance Commissions

$1,140

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