Retirement plan

CELEBRATE THE CHILDREN, INC. SAFE HARBOR 401(K) PLAN

Name: CELEBRATE THE CHILDREN, INC. - CELEBRATE THE CHILDREN, INC. SAFE HARBOR 401(K) PLAN (2023) Form 5500
Creator: CELEBRATE THE CHILDREN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CELEBRATE THE CHILDREN, INC. SAFE HARBOR 401(K) PLAN, CELEBRATE THE CHILDREN, INC.

CELEBRATE THE CHILDREN, INC.EIN 55-0804200Plan #002PY 2023

230 DIAMOND SPRING ROAD - DENVILLE, NJ 07834973-989-4033celebratethechildren.orgLinkedIn201-500 employeesprimary/secondary education

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$8.5M

+15.7% from 2022

Total participants

372

+3.9% from 2022

Average account balance

$28,642

+23.8% from 2022

Annual return

9.28%

+21.94 pp from 2022

Benchmarks

See 964 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort964 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.80M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

362

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.

70.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$31,700
CORNERSTONE PLANNING GROUP2 years Filed as: CORNER STONE PLANNING Service code 27 · EIN 20-8315014	Advisory (Plan)	$18,568
MASSACHUSETTS MUTUAL LIFE INS. CO.6 years Filed as: MASS MUTUAL LIFE INSURANCE CO. Service code 49 · EIN 04-1590850	Other Services	$10,757
RED BANK PENSION SERVICES, INC.1 year Filed as: RED BANK SERVICES, INC. Service code 13	Contract Administrator	$7,564
RED BANK PENSION SERVICES, INC.5 years Service code 13 · EIN 22-2755716	Contract Administrator	$2,650

Plan features & details

Pension benefit codes2A2E2F2H2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$45K

$172 / participant

Other / not subdivided$45K100.0%

% of EOY assets

0.529%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NISIVOCCIA LLP
Auditor EIN: 221914888
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,642

$83,884-65.9%

$64,056-55.3%

$74,419-61.5%

Participation rate

71.3%

76.6%-5.4pp

72.3%-1.0pp

70.7%+0.5pp

Annual return

9.28%

16.57%-7.3pp

33.69%-24.4pp

34.38%-25.1pp

Employer contribution / active EE

$1,214

$3,084-60.6%

$2,747-55.8%

$2,637-54.0%

Participant deferral / active EE

$1,955

$3,692-47.0%

$3,880-49.6%

$4,528-56.8%

Admin fee / account holder

$152

$196-22.7%

$3,068-95.1%

$348-56.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$31,700

CORNERSTONE PLANNING GROUP2 years

Filed as: CORNER STONE PLANNING

Service code 27 · EIN 20-8315014

Advisory (Plan)

$18,568

MASSACHUSETTS MUTUAL LIFE INS. CO.6 years

Filed as: MASS MUTUAL LIFE INSURANCE CO.

Service code 49 · EIN 04-1590850

Other Services

$10,757

RED BANK PENSION SERVICES, INC.1 year

Filed as: RED BANK SERVICES, INC.

Service code 13

Contract Administrator

$7,564

RED BANK PENSION SERVICES, INC.5 years

Service code 13 · EIN 22-2755716

Contract Administrator

$2,650

CELEBRATE THE CHILDREN, INC. SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CELEBRATE THE CHILDREN, INC. SAFE HARBOR 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