Retirement plan

CORBETT PREPARATORY SCHOOL OF IDS 403(B) PLAN

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

CORBETT PREPARATORY SCHOOL OF IDS, INC.EIN 59-1282306Plan #001PY 2017

12015 ORANGE GROVE DRIVE - TAMPA, FL 33618813-961-3087corbettprep.comLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.1M

+8.6% from 2016

Total participants

134

+4.7% from 2016

Average account balance

$46,122

+27.8% from 2016

Annual return

9.26%

+8.70 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

$3.97M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

115

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.

63.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$10,169
WILLIAM BLAIR1 year Filed as: WILLIAM E HAMM AND ASSOCIATES INC Service code 27 · EIN 59-3331424	Advisory (Plan)	$5,676
VALIC RETIREMENT SERVICES COMPANY2+ years Filed as: VARIABLE ANNUITY LIFE INSURANCE CO Service code 26 · EIN 74-1625348	Advisory (Participants)	$1,625

Plan features & details

Pension benefit codes2F2G2K2L2M2T

Plan features

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.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$12K

$104 / participant

Contract admin$11K86.6%
Other / not subdivided$2K13.4%

% of EOY assets

0.388%

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: FRSCPA
Auditor EIN: 592482214
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,122

$57,976-20.4%

$63,018-26.8%

$62,293-26.0%

Participation rate

43.6%

75.9%-32.3pp

74.8%-31.2pp

69.5%-25.9pp

Annual return

9.26%

17.54%-8.3pp

87.62%-78.4pp

28.90%-19.6pp

Employer contribution / active EE

$2,415-100.0%

$2,761-100.0%

$2,042-100.0%

Participant deferral / active EE

$1,208

$2,956-59.1%

$3,330-63.7%

$3,169-61.9%

Admin fee / account holder

$179

$276-35.2%

$3,601-95.0%

$479-62.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$10,169

WILLIAM BLAIR1 year

Filed as: WILLIAM E HAMM AND ASSOCIATES INC

Service code 27 · EIN 59-3331424

Advisory (Plan)

$5,676

VALIC RETIREMENT SERVICES COMPANY2+ years

Filed as: VARIABLE ANNUITY LIFE INSURANCE CO

Service code 26 · EIN 74-1625348

Advisory (Participants)

$1,625

CORBETT PREPARATORY SCHOOL OF IDS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORBETT PREPARATORY SCHOOL OF IDS 403(B) 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