Retirement plan

THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN

Name: THOMAS JEFFERSON CLASSICAL ACADEMY - THOMAS JEFFERSON CLASSICAL ACADEMY 401(K) PLAN (2017) 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 2017

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)

$4.6M

+19.8% from 2016

Total participants

163

+8.7% from 2016

Average account balance

$29,550

+11.3% from 2016

Annual return

12.55%

+12.86 pp from 2016

Benchmarks

See 584 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort584 peers

Snapshot2017

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 7 by compensation

Provider	Service type	Compensation
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL LIFE INSURANCE Service code 15	Recordkeeping	$0
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVEST MGT, INC. Service code 27 · EIN 36-3429599	Advisory (Plan)	$0
MORNINGSTAR2+ years Filed as: MORNINGSTAR ASSOCIATES Service code 49	Other Services	$0
MORNINGSTAR2+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$0
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634	Securities Custodian	$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

$29,550

$63,156-53.2%

$122,354-75.8%

$62,293-52.6%

Participation rate

94.3%

60.0%+34.3pp

71.6%+22.7pp

69.5%+24.8pp

Annual return

12.55%

20.61%-8.1pp

30.28%-17.7pp

28.90%-16.3pp

Employer contribution / active EE

$1,920

$1,385+38.7%

$4,051-52.6%

$2,042-6.0%

Participant deferral / active EE

$2,362

$2,321+1.8%

$3,287-28.1%

$3,169-25.5%

Admin fee / account holder

$440-100.0%

$5,479-100.0%

$479-100.0%

Provider

Service type

Compensation

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL LIFE INSURANCE

Service code 15

Recordkeeping

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVEST MGT, INC.

Service code 27 · EIN 36-3429599

Advisory (Plan)

MORNINGSTAR2+ years

Filed as: MORNINGSTAR ASSOCIATES

Service code 49

Other Services

MORNINGSTAR2+ years

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

RELIANCE TRUST COMPANY2+ years

Service code 19 · EIN 58-1428634

Securities Custodian

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