Retirement plan

403(B) THRIFT PLAN OF THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN

Name: THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN - 403(B) THRIFT PLAN OF THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN (2020) Form 5500
Creator: THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN, THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN

THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, INEIN 55-0630914Plan #002PY 2020

803 QUARRIER ST STE 310 - CHARLESTON, WV 253012660304-342-7850educationalliance.orgLinkedIn1-10 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$469K

+30.0% from 2019

Total participants

0.0% from 2019

Average account balance

$58,674

+30.0% from 2019

Annual return

15.72%

-9.05 pp from 2019

Benchmarks

See 6,199 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,199 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$979K

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

183.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$10K

$2077 / participant

Other / not subdivided$10K100.0%

% of EOY assets

2.213%

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

$58,674

$81,643-28.1%

$70,462-16.7%

$158,950-63.1%

Participation rate

100.0%

77.7%+22.3pp

75.1%+24.9pp

82.0%+18.0pp

Annual return

15.72%

208.51%-192.8pp

109.08%-93.4pp

302.91%-287.2pp

Employer contribution / active EE

$6,266

$3,218+94.7%

$2,737+128.9%

$4,762+31.6%

Participant deferral / active EE

$6,085

$4,555+33.6%

$3,710+64.0%

$5,983+1.7%

Admin fee / account holder

$1,298

$6,194-79.0%

$3,845-66.2%

$11,248-88.5%

403(B) THRIFT PLAN OF THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF THE EDUCATION ALLIANCE - BUSINESS AND COMMUNITY FOR PUBLIC SCHOOLS, IN

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