Retirement plan

CHARLOTTE LATIN SCHOOLS, INC. RETIREMENT INCOME PLAN

Name: CHARLOTTE LATIN SCHOOLS, INC. - CHARLOTTE LATIN SCHOOLS, INC. RETIREMENT INCOME PLAN (2017) Form 5500
Creator: CHARLOTTE LATIN SCHOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLOTTE LATIN SCHOOLS, INC. RETIREMENT INCOME PLAN, CHARLOTTE LATIN SCHOOLS, INC.

CHARLOTTE LATIN SCHOOLS, INC.EIN 56-0944449Plan #002PY 2017

9502 PROVIDENCE ROAD - CHARLOTTE, NC 282778695704-846-1100charlottelatin.orgLinkedIn201-500 employeeseducation management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$41.5M

+16.4% from 2016

Total participants

360

+5.3% from 2016

Average account balance

$115,290

+10.6% from 2016

Annual return

14.84%

+13.78 pp from 2016

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.55M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

473

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$184

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
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Investment management; Sales loads (f...	$91,138
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: VOYA FINANCIAL ADVISORS, INC. Service code 16 909 LOCUST STREET · DES MOINES, IA 50309	Consulting	$0

Plan features & details

Pension benefit codes2G2L2M2T

Plan features

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$91K

$385 / participant

Other / not subdivided$91K100.0%

% of EOY assets

0.220%

all-in expense ratio

Categories reported

0 / 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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,290

$57,976+98.9%

$63,018+82.9%

$62,293+85.1%

Participation rate

100.0%

75.9%+24.1pp

74.8%+25.2pp

69.5%+30.5pp

Annual return

14.84%

17.54%-2.7pp

87.62%-72.8pp

28.90%-14.1pp

Employer contribution / active EE

$5,602

$2,415+132.0%

$2,761+102.9%

$2,042+174.3%

Participant deferral / active EE

$5,697

$2,956+92.7%

$3,330+71.1%

$3,169+79.8%

Admin fee / account holder

$253

$276-8.2%

$3,601-93.0%

$479-47.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Investment management; Sales loads (f...

$91,138

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: VOYA FINANCIAL ADVISORS, INC.

Service code 16

909 LOCUST STREET · DES MOINES, IA 50309

Consulting

CHARLOTTE LATIN SCHOOLS, INC. RETIREMENT INCOME PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLOTTE LATIN SCHOOLS, INC. RETIREMENT INCOME 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