Retirement plan

THE HOWARD SCHOOL, INC. 401(K) PLAN

Name: THE HOWARD SCHOOL INC - THE HOWARD SCHOOL, INC. 401(K) PLAN (2020) Form 5500
Creator: THE HOWARD SCHOOL INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HOWARD SCHOOL, INC. 401(K) PLAN, THE HOWARD SCHOOL INC

THE HOWARD SCHOOL INCEIN 58-0611768Plan #002PY 2020

1192 FOSTER STREET NW - ATLANTA, GA 30318404-377-7436howardschool.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed July 18, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$9.1M

+11.1% from 2019

Total participants

197

+10.7% from 2019

Average account balance

$47,190

+0.7% from 2019

Annual return

8.63%

+3.37 pp from 2019

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.50M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

229

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$595

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT5+ years Filed as: MILLENIUM ADVISORY SERVICES Service code 26 · EIN 23-0595682 5340 TWIN HICKORY ROAD · GLEN ALLEN, VA 230595682	Advisory (Participants)	$49,651
TIAA5+ years Filed as: TIAA-TEACHERS INSURANCE AND ANNUITY Service code 15 · EIN 13-1624203 730 THIRD AVENUE · NEW YORK, NY 100173206	Recordkeeping	$35,981
SAGE ADVISORY SERVICES4 years Filed as: SAGE VIEW ADVISORY GROUP, LLC Service code 26 · EIN 33-0818667 1920 MAIN STREET · IRVINE, CA 926147227	Advisory (Participants)	$24,532
ROSS LANE & COMPANY, LLC1 year Filed as: ROSS LANE & COMPANY Service code 10 · EIN 58-1686745 7000 PTRDNDY RD NE BLDG ONE · ATLANTA, GA 303281655	Accounting	$7,500

Plan features & details

Pension benefit codes2A2E2F2G2J3D2M

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$122K

$1032 / participant

Investment mgmt$40K32.7%
Contract admin$82K67.3%

% of EOY assets

1.337%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ROSS LANE & COMPANY, LLC
Auditor EIN: 581686745
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,190

$65,322-27.8%

$70,449-33.0%

$73,488-35.8%

Participation rate

96.6%

77.0%+19.7pp

75.1%+21.6pp

70.7%+25.9pp

Annual return

8.63%

15.71%-7.1pp

109.03%-100.4pp

28.51%-19.9pp

Employer contribution / active EE

$2,924

$2,460+18.9%

$2,737+6.8%

$2,270+28.8%

Participant deferral / active EE

$3,127

$3,375-7.3%

$3,709-15.7%

$3,740-16.4%

Admin fee / account holder

$631

$214+194.7%

$3,845-83.6%

$513+23.0%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT5+ years

Filed as: MILLENIUM ADVISORY SERVICES

Service code 26 · EIN 23-0595682

5340 TWIN HICKORY ROAD · GLEN ALLEN, VA 230595682

Advisory (Participants)

$49,651

TIAA5+ years

Filed as: TIAA-TEACHERS INSURANCE AND ANNUITY

Service code 15 · EIN 13-1624203

730 THIRD AVENUE · NEW YORK, NY 100173206

Recordkeeping

$35,981

SAGE ADVISORY SERVICES4 years

Filed as: SAGE VIEW ADVISORY GROUP, LLC

Service code 26 · EIN 33-0818667

1920 MAIN STREET · IRVINE, CA 926147227

Advisory (Participants)

$24,532

ROSS LANE & COMPANY, LLC1 year

Filed as: ROSS LANE & COMPANY

Service code 10 · EIN 58-1686745

7000 PTRDNDY RD NE BLDG ONE · ATLANTA, GA 303281655

Accounting

$7,500

THE HOWARD SCHOOL, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HOWARD SCHOOL, INC. 401(K) PLAN

Top hat statement on fileNQDC

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