Retirement plan

HOLLY HILL ACADEMY MONEY PURCHASE PLAN

Name: HOLLY HILL ACADEMY, INC. - HOLLY HILL ACADEMY MONEY PURCHASE PLAN (2020) Form 5500
Creator: HOLLY HILL ACADEMY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLLY HILL ACADEMY MONEY PURCHASE PLAN, HOLLY HILL ACADEMY, INC.

HOLLY HILL ACADEMY, INC.EIN 57-0524386Plan #001PY 2020

PO BOX 757 - HOLLY HILL, SC 290590757803-496-3243LinkedIn11-50 employeesrecreational facilities and services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$947K

-5.9% from 2019

Total participants

-12.8% from 2019

Average account balance

$23,670

+1.2% from 2019

Annual return

11.17%

+9.20 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.12M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7K

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

+11.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2061

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 codes2C2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$183K

$15259 / participant

Other / not subdivided$183K100.0%

% of EOY assets

19.340%

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

$23,670

$81,696-71.0%

$70,494-66.4%

$158,982-85.1%

Participation rate

91.7%

77.7%+13.9pp

75.1%+16.6pp

82.0%+9.7pp

Annual return

11.17%

208.70%-197.5pp

109.16%-98.0pp

302.99%-291.8pp

Employer contribution / active EE

$962

$3,220-70.1%

$2,738-64.9%

$4,763-79.8%

Participant deferral / active EE

$4,558-100.0%

$3,711-100.0%

$5,983-100.0%

Admin fee / account holder

$4,578

$6,200-26.2%

$3,848+19.0%

$11,252-59.3%

HOLLY HILL ACADEMY MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLLY HILL ACADEMY MONEY PURCHASE 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