Retirement plan

CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Name: CAROLINA DAY SCHOOL, INC. - CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN (2023) Form 5500
Creator: CAROLINA DAY SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA DAY SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN, CAROLINA DAY SCHOOL, INC.

CAROLINA DAY SCHOOL, INC.EIN 56-0125490Plan #001PY 2023

1345 HENDERSON RD. - ASHEVILLE, NC 28803828-274-0757

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15M

+14.9% from 2022

Total participants

364

-14.8% from 2022

Average account balance

$44,237

+13.6% from 2022

Annual return

16.40%

+31.60 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT9+ years Filed as: MILLENIUM ADVISORY SERVICES, INC Service code 26 · EIN 54-2020086	Advisory (Participants)	$22,695
TIAA8 years Filed as: TIAA- TEACHERS GROUP & ANNUITY Service code 15 · EIN 13-1624203	Recordkeeping	$20,649
TRG ADVISORS, INC.7 years Filed as: TRG ADVISORS, INC Service code 27 · EIN 82-3871756	Advisory (Plan)	$11,313

Plan features & details

Pension benefit codes2E2F2G2J2L2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$55K

$325 / participant

Investment mgmt$16K29.1%
Contract admin$39K70.9%

% of EOY assets

0.365%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,237

$65,582-32.5%

$64,101-31.0%

$71,511-38.1%

Participation rate

84.5%

73.2%+11.3pp

72.3%+12.2pp

67.9%+16.6pp

Annual return

16.40%

18.96%-2.6pp

33.72%-17.3pp

28.86%-12.5pp

Employer contribution / active EE

$2,393

$2,671-10.4%

$2,749-12.9%

$2,589-7.6%

Participant deferral / active EE

$2,268

$3,628-37.5%

$3,881-41.6%

$4,291-47.1%

Admin fee / account holder

$161

$616-73.8%

$3,070-94.7%

$1,588-89.8%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT9+ years

Filed as: MILLENIUM ADVISORY SERVICES, INC

Service code 26 · EIN 54-2020086

Advisory (Participants)

$22,695

TIAA8 years

Filed as: TIAA- TEACHERS GROUP & ANNUITY

Service code 15 · EIN 13-1624203

Recordkeeping

$20,649

TRG ADVISORS, INC.7 years

Filed as: TRG ADVISORS, INC

Service code 27 · EIN 82-3871756

Advisory (Plan)

$11,313

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