Retirement plan

CANTERBURY SCHOOL, INC. 403(B) RETIREMENT PLAN

Name: CANTERBURY SCHOOL, INC. - CANTERBURY SCHOOL, INC. 403(B) RETIREMENT PLAN (2018) 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 2018

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

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.7M

+13.1% from 2017

Total participants

149

-32.0% from 2017

Average account balance

$91,663

+66.2% from 2017

Annual return

11.21%

-0.61 pp from 2017

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2018

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
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$15,593
PENSION FINANCIAL SERVICES, INC.3+ years Service code 13 3700 CRESTWOOD PKWY, STE 550 · DULUTH, GA 30096	Contract Administrator	$12,720
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: CASE PEARLMAN RETIREMENT PLAN ADVIS Service code 27 7780 CAMBRIDGE MANOR PL, STE B · FORT MYERS, FL 33907	Advisory (Plan)	$12,288

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

2 tripped

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

$60K

$535 / participant

Other / not subdivided$60K100.0%

% of EOY assets

0.443%

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

$91,663

$55,002+66.7%

$59,887+53.1%

$56,287+62.8%

Participation rate

100.0%

75.9%+24.1pp

74.7%+25.3pp

69.9%+30.1pp

Annual return

11.21%

1.13%+10.1pp

3.46%+7.8pp

-9.96%+21.2pp

Employer contribution / active EE

$4,918

$2,448+100.9%

$2,722+80.6%

$2,111+133.0%

Participant deferral / active EE

$3,657

$3,121+17.2%

$3,402+7.5%

$3,350+9.2%

Admin fee / account holder

$406

$236+72.1%

$3,591-88.7%

$521-22.1%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$15,593

PENSION FINANCIAL SERVICES, INC.3+ years

Service code 13

3700 CRESTWOOD PKWY, STE 550 · DULUTH, GA 30096

Contract Administrator

$12,720

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: CASE PEARLMAN RETIREMENT PLAN ADVIS

Service code 27

7780 CAMBRIDGE MANOR PL, STE B · FORT MYERS, FL 33907

Advisory (Plan)

$12,288

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