Retirement plan

J127 EDUCATION FOUNDATION 403(B) THRIFT PLAN

Name: J127 EDUCATION FOUNDATION - J127 EDUCATION FOUNDATION 403(B) THRIFT PLAN (2024) Form 5500
Creator: J127 EDUCATION FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J127 EDUCATION FOUNDATION 403(B) THRIFT PLAN, J127 EDUCATION FOUNDATION

J127 EDUCATION FOUNDATIONEIN 54-1371815Plan #001PY 2024

9211 ARLINGTON BLVD - FAIRFAX, VA 220312501703-273-8000j127education.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$6.5M

+15.9% from 2023

Total participants

309

-0.3% from 2023

Average account balance

$45,082

+22.4% from 2023

Annual return

14.68%

-3.28 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.49M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

144

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.

32.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$458K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES AND ASSOCIATES Service code 13 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Contract Administrator	$20,616
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$11,649
LINCOLN NATIONAL CORPORATION10+ years Service code 13 · EIN 35-1140070	Contract Administrator	$1,325
ATLANTIC PENSION SERVICES, INC.7 years Filed as: ATLANTIC PENSION SERVICES Service code 14 · EIN 23-2942715 511 SCHOOLHOUSE RD · KENNETT SQUARE, PA 19348	Plan Administrator	$1,300

Plan features & details

Pension benefit codes2E2F2G2J2K2L2M2T3D

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$135 / participant

Recordkeeping$33K100.0%

% of EOY assets

0.508%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BENEFIT AUDIT GROUP, LLC
Auditor EIN: 262404897
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,082

$69,774-35.4%

$67,561-33.3%

$74,429-39.4%

Participation rate

32.7%

71.4%-38.7pp

72.9%-40.2pp

67.2%-34.6pp

Annual return

14.68%

-40.53%+55.2pp

3525.44%-3510.8pp

1368.38%-1353.7pp

Employer contribution / active EE

$233

$2,710-91.4%

$2,735-91.5%

$2,625-91.1%

Participant deferral / active EE

$1,637

$3,636-55.0%

$4,003-59.1%

$4,348-62.4%

Admin fee / account holder

$229

$890-74.3%

$4,006-94.3%

$1,944-88.2%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES AND ASSOCIATES

Service code 13

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Contract Administrator

$20,616

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$11,649

LINCOLN NATIONAL CORPORATION10+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$1,325

ATLANTIC PENSION SERVICES, INC.7 years

Filed as: ATLANTIC PENSION SERVICES

Service code 14 · EIN 23-2942715

511 SCHOOLHOUSE RD · KENNETT SQUARE, PA 19348

Plan Administrator

$1,300

J127 EDUCATION FOUNDATION 403(B) THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J127 EDUCATION FOUNDATION 403(B) THRIFT 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