Retirement plan

THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN

Name: THOMAS JEFFERSON CLASSICAL ACADEMY - THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN (2016) Form 5500
Creator: THOMAS JEFFERSON CLASSICAL ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN, THOMAS JEFFERSON CLASSICAL ACADEMY

THOMAS JEFFERSON CLASSICAL ACADEMYEIN 56-2123336Plan #002PY 2016

2527 HWY 221 A - MOORESBORO, NC 28114828-657-9998tjca.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

No prior year

Total participants

150

No prior year

Average account balance

$26,560

No prior year

Annual return

-0.31%

No prior year

Benchmarks

See 616 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort616 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.15M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

208

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$807K

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$225
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$132
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES Service code 49	Other Services	$14
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL LIFE INSURANCE Service code 15	Recordkeeping	$0
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

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: DARRELL L. KELLER, CPA, PA
Auditor EIN: 510471443
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,560

$38,969-31.8%

$109,313-75.7%

$55,167-51.9%

Participation rate

95.4%

58.2%+37.1pp

71.3%+24.1pp

69.0%+26.4pp

Annual return

-0.31%

8.26%-8.6pp

22.07%-22.4pp

169.23%-169.5pp

Employer contribution / active EE

$1,928

$1,227+57.2%

$3,892-50.5%

$1,963-1.8%

Participant deferral / active EE

$2,269

$2,176+4.3%

$3,166-28.3%

$3,054-25.7%

Admin fee / account holder

$501-100.0%

$5,666-100.0%

$504-100.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$225

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$132

MORNINGSTAR1+ years

Filed as: MORNINGSTAR ASSOCIATES

Service code 49

Other Services

$14

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL LIFE INSURANCE

Service code 15

Recordkeeping

MORNINGSTAR1+ years

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion