Retirement plan

MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Name: MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC. - MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC. DEFINED CONTRIBUTION RETIREMENT PLAN (2017) Form 5500
Creator: MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC. DEFINED CONTRIBUTION RETIREMENT PLAN, MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC.

MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC.EIN 58-2057721Plan #001PY 2017

1640 POWERS FERRY ROAD, SE - MARIETTA, GA 30067404-921-3811

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed July 28, 2023 (most recent of 2 filings on file)

Plan administrator

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1000 Whitlock Ave, Suite 320 - 337

Atlanta, GA 30064

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Plans declared (1)

MISBO 457(b) Plan1 emp

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Total assets (EOY)

$729K

-12.4% from 2016

Total participants

0.0% from 2016

Average account balance

$121,430

-12.4% from 2016

Annual return

18.62%

+2.60 pp from 2016

Benchmarks

See 5,614 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,614 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-105.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2L2C2G2F2M

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

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

$258K

$43024 / participant

Other / not subdivided$258K100.0%

% of EOY assets

35.431%

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

$121,430

$73,546+65.1%

$63,018+92.7%

$147,587-17.7%

Participation rate

100.0%

77.9%+22.1pp

74.8%+25.2pp

82.8%+17.2pp

Annual return

18.62%

175.56%-156.9pp

87.63%-69.0pp

578.60%-560.0pp

Employer contribution / active EE

$4,762

$3,324+43.3%

$2,761+72.5%

$4,876-2.3%

Participant deferral / active EE

$9,848

$4,185+135.3%

$3,330+195.8%

$5,439+81.1%

Admin fee / account holder

$43,024

$5,956+622.4%

$3,601+1094.8%

$10,886+295.2%

MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-SOUTH INDEPENDENT SCHOOL BUSINESS OFFICERS, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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