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 (2020) 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 2020

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)

$741K

+13.0% from 2019

Total participants

-10.5% from 2019

Average account balance

$46,315

+34.2% from 2019

Annual return

16.26%

-11.40 pp from 2019

Benchmarks

See 6,194 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,194 peers

Snapshot2020

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

$107K

$10695 / participant

Other / not subdivided$107K100.0%

% of EOY assets

14.432%

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

$46,315

$81,696-43.3%

$70,494-34.3%

$158,982-70.9%

Participation rate

90.0%

77.7%+12.3pp

75.1%+14.9pp

82.0%+8.0pp

Annual return

16.26%

208.70%-192.4pp

109.16%-92.9pp

302.99%-286.7pp

Employer contribution / active EE

$8,198

$3,220+154.6%

$2,738+199.4%

$4,763+72.1%

Participant deferral / active EE

$270

$4,558-94.1%

$3,711-92.7%

$5,983-95.5%

Admin fee / account holder

$6,684

$6,200+7.8%

$3,848+73.7%

$11,252-40.6%

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