Retirement plan

COMMUNITIES IN SCHOOLS OF NORTH CAROLINA, INC. 403(B) SAVINGS PLAN

Name: COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INC - COMMUNITIES IN SCHOOLS OF NORTH CAROLINA, INC. 403(B) SAVINGS PLAN (2020) Form 5500
Creator: COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITIES IN SCHOOLS OF NORTH CAROLINA, INC. 403(B) SAVINGS PLAN, COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INC

COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INCEIN 56-1677831Plan #001PY 2020

222 N. PERSON ST. - RALEIGH, NC 27601919-832-2700cisnc.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+18.6% from 2019

Total participants

+15.9% from 2019

Average account balance

$18,327

-30.2% from 2019

Annual return

1.26%

-4.29 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.02M

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$309K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.84%

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 codes2E2F2G2L3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$71K

$1318 / participant

Other / not subdivided$71K100.0%

% of EOY assets

5.320%

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

$18,327

$91,167-79.9%

$178,498-89.7%

$79,858-77.0%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

1.26%

24.19%-22.9pp

151.09%-149.8pp

31.72%-30.5pp

Employer contribution / active EE

$2,372

$3,255-27.1%

$5,011-52.7%

$2,471-4.0%

Participant deferral / active EE

$2,559

$3,236-20.9%

$5,202-50.8%

$3,740-31.6%

Admin fee / account holder

$975

$6,747-85.6%

$13,985-93.0%

$5,306-81.6%

COMMUNITIES IN SCHOOLS OF NORTH CAROLINA, INC. 403(B) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITIES IN SCHOOLS OF NORTH CAROLINA, INC. 403(B) SAVINGS 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