Retirement plan

THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS 401(K) PLAN

Name: THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS - THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS 401(K) PLAN (2018) Form 5500
Creator: THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS 401(K) PLAN, THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS

THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLSEIN 59-2637849Plan #002PY 2018

2266 SECOND STREET, P.O. BOX 1608 - FORT MYERS, FL 33902239-337-0433leeschoolfoundation.orgLinkedIn1-10 employeeseducation management

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$483K

+1.7% from 2017

Total participants

0.0% from 2017

Average account balance

$32,189

+1.7% from 2017

Annual return

-6.57%

-24.81 pp from 2017

Benchmarks

See 5,836 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,836 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$836K

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

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

+11.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3132

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 codes2E2F2G2J3D

Plan features

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$33K

$3709 / participant

Other / not subdivided$33K100.0%

% of EOY assets

6.913%

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

$32,189

$69,541-53.7%

$59,899-46.3%

$135,380-76.2%

Participation rate

100.0%

77.8%+22.2pp

74.7%+25.3pp

82.6%+17.4pp

Annual return

-6.57%

7.95%-14.5pp

3.46%-10.0pp

519.81%-526.4pp

Employer contribution / active EE

$7,609

$3,236+135.1%

$2,723+179.5%

$4,779+59.2%

Participant deferral / active EE

$363

$4,206-91.4%

$3,402-89.3%

$5,609-93.5%

Admin fee / account holder

$2,225

$5,737-61.2%

$3,592-38.1%

$10,828-79.5%

THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS 401(K) 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