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 (2019) 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 2019

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)

$656K

+35.9% from 2018

Total participants

+26.7% from 2018

Average account balance

$34,523

+7.3% from 2018

Annual return

27.66%

+34.23 pp from 2018

Benchmarks

See 6,050 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,050 peers

Snapshot2019

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

$26K

$2644 / participant

Other / not subdivided$26K100.0%

% of EOY assets

4.030%

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

$34,523

$77,449-55.4%

$69,483-50.3%

$152,909-77.4%

Participation rate

100.0%

78.1%+21.9pp

74.6%+25.4pp

82.5%+17.5pp

Annual return

27.66%

39.09%-11.4pp

28.99%-1.3pp

345.46%-317.8pp

Employer contribution / active EE

$6,202

$3,316+87.0%

$2,780+123.1%

$4,764+30.2%

Participant deferral / active EE

$365

$4,415-91.7%

$3,537-89.7%

$5,851-93.8%

Admin fee / account holder

$1,391

$6,210-77.6%

$3,841-63.8%

$11,601-88.0%

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