Retirement plan

UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS RETIREMENT PLAN

Name: UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS - UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS RETIREMENT PLAN (2017) Form 5500
Creator: UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS RETIREMENT PLAN, UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS

UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLSEIN 56-2429582Plan #001PY 2017

PO BOX 2583 - SALT LAKE CITY, UT 84110801-960-2583utahcharters.orgLinkedIn1-10 employeeseducation management

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.1M

+56.5% from 2016

Total participants

900

+32.9% from 2016

Average account balance

$11,185

+17.8% from 2016

Annual return

27.61%

+27.52 pp from 2016

Benchmarks

See 942 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort942 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.34M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

1,491

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.

44.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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
TRAUTMANN MAHER & ASSOCIATES2+ years Filed as: TRAUTMANN, MAHER & ASSOCIATES, INC. Service code 15 · EIN 91-1526584	Recordkeeping	$38,604
VERAPATH GLOBAL INVESTING, LLS2+ years Filed as: VERAPATH GLOBAL Service code 26 · EIN 20-0097878	Advisory (Participants)	$27,227
LARSON & COMPANY, PC2+ years Service code 10 · EIN 87-0516083	Accounting	$5,771

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$82K

$112 / participant

Investment mgmt$27K33.1%
Other / not subdivided$55K66.9%

% of EOY assets

0.817%

all-in expense ratio

Categories reported

1 / 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: STAYNER BATES P.C.
Auditor EIN: 870495153
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,185

$74,552-85.0%

$63,005-82.2%

$69,631-83.9%

Participation rate

100.0%

78.3%+21.7pp

74.8%+25.2pp

70.7%+29.3pp

Annual return

27.61%

15.77%+11.8pp

87.59%-60.0pp

27571.02%-27543.4pp

Employer contribution / active EE

$1,932

$2,929-34.0%

$2,760-30.0%

$2,032-4.9%

Participant deferral / active EE

$1,337

$2,974-55.1%

$3,329-59.8%

$3,224-58.5%

Admin fee / account holder

$91

$59+53.7%

$3,599-97.5%

$110-17.3%

Provider

Service type

Compensation

TRAUTMANN MAHER & ASSOCIATES2+ years

Filed as: TRAUTMANN, MAHER & ASSOCIATES, INC.

Service code 15 · EIN 91-1526584

Recordkeeping

$38,604

VERAPATH GLOBAL INVESTING, LLS2+ years

Filed as: VERAPATH GLOBAL

Service code 26 · EIN 20-0097878

Advisory (Participants)

$27,227

LARSON & COMPANY, PC2+ years

Service code 10 · EIN 87-0516083

Accounting

$5,771

UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UTAH ASSOCIATION OF PUBLIC CHARTER SCHOOLS 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