Retirement plan

PIEDMONT COMMUNITY CHARTER SCHOOL RETIREMENT PLAN

Name: PIEDMONT COMMUNITY CHARTER SCHOOL, INC. - PIEDMONT COMMUNITY CHARTER SCHOOL RETIREMENT PLAN (2024) Form 5500
Creator: PIEDMONT COMMUNITY CHARTER SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIEDMONT COMMUNITY CHARTER SCHOOL RETIREMENT PLAN, PIEDMONT COMMUNITY CHARTER SCHOOL, INC.

PIEDMONT COMMUNITY CHARTER SCHOOL, INC.EIN 56-2153586Plan #001PY 2024

119 E. 2ND AVENUE - GASTONIA, NC 28052704-853-2428LinkedIn51-200 employees

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8M

+22.8% from 2023

Total participants

276

-1.8% from 2023

Average account balance

$30,484

+22.3% from 2023

Annual return

11.52%

-5.34 pp from 2023

Benchmarks

See 1,581 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,581 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.99M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

262

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION7 years Filed as: LINCOLN NATIONAL CORP Service code 13 · EIN 35-1140070 1301 S HARRISON STREET · FORT WAYNE, IN 468012248	Contract Administrator	$50,397
MAXUS PLAN SOLUTIONS7 years Filed as: MAXUS PLANS SOLUTIONS Service code 15 · EIN 45-4012897 15720 BRIXHAM HILL AVE. · CHARLOTTE, NC 28277	Recordkeeping	$8,714

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$59K

$293 / participant

Investment mgmt$50K85.3%
Contract admin$9K14.7%

% of EOY assets

0.740%

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: DMJPS PLLC
Auditor EIN: 560570567
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,484

$69,745-56.3%

$67,511-54.8%

$74,546-59.1%

Participation rate

93.1%

71.3%+21.7pp

72.9%+20.2pp

67.2%+25.9pp

Annual return

11.52%

-40.37%+51.9pp

3517.41%-3505.9pp

1366.03%-1354.5pp

Employer contribution / active EE

$2,379

$2,705-12.0%

$2,733-12.9%

$2,624-9.3%

Participant deferral / active EE

$3,309

$3,636-9.0%

$4,000-17.3%

$4,347-23.9%

Admin fee / account holder

$226

$894-74.8%

$3,999-94.4%

$1,944-88.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION7 years

Filed as: LINCOLN NATIONAL CORP

Service code 13 · EIN 35-1140070

1301 S HARRISON STREET · FORT WAYNE, IN 468012248

Contract Administrator

$50,397

MAXUS PLAN SOLUTIONS7 years

Filed as: MAXUS PLANS SOLUTIONS

Service code 15 · EIN 45-4012897

15720 BRIXHAM HILL AVE. · CHARLOTTE, NC 28277

Recordkeeping

$8,714

PIEDMONT COMMUNITY CHARTER SCHOOL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIEDMONT COMMUNITY CHARTER SCHOOL 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