Retirement plan

CANTERBURY SCHOOL, INC. 403(B) RETIREMENT PLAN

Name: CANTERBURY SCHOOL, INC. - CANTERBURY SCHOOL, INC. 403(B) RETIREMENT PLAN (2017) Form 5500
Creator: CANTERBURY SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANTERBURY SCHOOL, INC. 403(B) RETIREMENT PLAN, CANTERBURY SCHOOL, INC.

CANTERBURY SCHOOL, INC.EIN 59-1058089Plan #001PY 2017

8141 COLLEGE PARKWAY - FORT MYERS, FL 33919239-481-4323

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.1M

+17.1% from 2016

Total participants

219

+7.9% from 2016

Average account balance

$55,145

-4.3% from 2016

Annual return

11.83%

+5.88 pp from 2016

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.98M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

212

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.

72.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$240

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
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$9,141
PENSION FINANCIAL SERVICES, INC.2+ years Service code 13 3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096	Contract Administrator	$8,495
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: CASE PEARLMAN RETIREMENT PLAN ADVIS Service code 27 7780 CAMBRIDGE MANOR PL, SUITE B · FORT MEYERS, FL 33907	Advisory (Plan)	$7,086

Plan features & details

Pension benefit codes2G2K2L2M3D

Plan features

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.
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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$27K

$248 / participant

Contract admin$9K34.1%
Other / not subdivided$18K65.9%

% of EOY assets

0.222%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,145

$57,976-4.9%

$63,018-12.5%

$62,293-11.5%

Participation rate

100.0%

75.9%+24.1pp

74.8%+25.2pp

69.5%+30.5pp

Annual return

11.83%

17.54%-5.7pp

87.62%-75.8pp

28.90%-17.1pp

Employer contribution / active EE

$3,393

$2,415+40.5%

$2,761+22.9%

$2,042+66.1%

Participant deferral / active EE

$5,859

$2,956+98.2%

$3,330+76.0%

$3,169+84.9%

Admin fee / account holder

$122

$276-55.7%

$3,601-96.6%

$479-74.5%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$9,141

PENSION FINANCIAL SERVICES, INC.2+ years

Service code 13

3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 30096

Contract Administrator

$8,495

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: CASE PEARLMAN RETIREMENT PLAN ADVIS

Service code 27

7780 CAMBRIDGE MANOR PL, SUITE B · FORT MEYERS, FL 33907

Advisory (Plan)

$7,086

CANTERBURY SCHOOL, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANTERBURY SCHOOL, INC. 403(B) 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