Retirement plan

CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Name: CAROLINA DAY SCHOOL - CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN (2015) Form 5500
Creator: CAROLINA DAY SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN, CAROLINA DAY SCHOOL

CAROLINA DAY SCHOOLEIN 56-0125490Plan #001PY 2015

1345 HENDERSONVILLE RD - ASHEVILLE, NC 288031923828-274-0757

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.8M

No prior year

Total participants

390

No prior year

Average account balance

$32,053

No prior year

Annual return

1.43%

No prior year

Benchmarks

See 953 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.16M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

334

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$913K

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

+13.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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 1 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT1+ years Filed as: MILLENIUM ADVISORY SERVICES, INC Service code 26 · EIN 54-2020086	Advisory (Participants)	$11,841

Plan features & details

Pension benefit codes2E2F2G2J2L2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$62 / participant

Investment mgmt$10K68.8%
Contract admin$5K31.2%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

2 / 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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,053

$51,769-38.1%

$57,356-44.1%

$52,331-38.7%

Participation rate

63.8%

75.2%-11.4pp

75.1%-11.3pp

68.1%-4.3pp

Annual return

1.43%

2.43%-1.0pp

24.41%-23.0pp

4.54%-3.1pp

Employer contribution / active EE

$1,431

$2,335-38.7%

$2,689-46.8%

$1,882-23.9%

Participant deferral / active EE

$1,116

$2,794-60.1%

$3,162-64.7%

$3,022-63.1%

Admin fee / account holder

$47

$295-84.0%

$3,357-98.6%

$592-92.0%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT1+ years

Filed as: MILLENIUM ADVISORY SERVICES, INC

Service code 26 · EIN 54-2020086

Advisory (Participants)

$11,841

CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT 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