Retirement plan

THE EARLY LEARNING COALITION 401(K) PSP

Name: EARLY LEARNING COALITION OF PINELLAS COUNTY - THE EARLY LEARNING COALITION 401(K) PSP (2023) Form 5500
Creator: EARLY LEARNING COALITION OF PINELLAS COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE EARLY LEARNING COALITION 401(K) PSP, EARLY LEARNING COALITION OF PINELLAS COUNTY

EARLY LEARNING COALITION OF PINELLAS COUNTYEIN 59-3726679Plan #001PY 2023

2536 COUNTRYSIDE BLVD STE 500 - CLEARWATER, FL 33763727-400-4424elcpinellas.netLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

+27.7% from 2022

Total participants

146

+7.4% from 2022

Average account balance

$29,388

+18.9% from 2022

Annual return

14.86%

+36.00 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.51M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

147

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$681K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$107

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 4 by compensation

Provider	Service type	Compensation
PAI3 years Service code 13 1201 ENTERPRISE DRIVE · DEPERE, WI 54115	Contract Administrator	$10,379
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA FINANCIAL SPECIALISTS LLC Service code 27 1070 KAPP DR · CLEARWATER, FL 33765	Advisory (Plan)	$5,893
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$4,118
PAI1 year Filed as: PAI TRUST Service code 19 3904 W. TECHNOLOGY CIRCLE · SIOUX FALLS, SD 57106	Securities Custodian	$1,824

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
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.
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.
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

3 tripped

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

$8K

$81 / participant

Contract admin$14K176.3%

% of EOY assets

0.184%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS CRUSICK AND ASSOCIATES
Auditor EIN: 593017072
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,388

$93,598-68.6%

$135,974-78.4%

$75,173-60.9%

Participation rate

100.0%

75.2%+24.8pp

81.9%+18.1pp

67.2%+32.8pp

Annual return

14.86%

30.89%-16.0pp

68.30%-53.4pp

160.72%-145.9pp

Employer contribution / active EE

$4,471

$3,538+26.4%

$4,859-8.0%

$2,671+67.4%

Participant deferral / active EE

$2,442

$6,405-61.9%

$7,760-68.5%

$4,126-40.8%

Admin fee / account holder

$54

$6,978-99.2%

$10,767-99.5%

$5,651-99.0%

Provider

Service type

Compensation

PAI3 years

Service code 13

1201 ENTERPRISE DRIVE · DEPERE, WI 54115

Contract Administrator

$10,379

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA FINANCIAL SPECIALISTS LLC

Service code 27

1070 KAPP DR · CLEARWATER, FL 33765

Advisory (Plan)

$5,893

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$4,118

PAI1 year

Filed as: PAI TRUST

Service code 19

3904 W. TECHNOLOGY CIRCLE · SIOUX FALLS, SD 57106

Securities Custodian

$1,824

THE EARLY LEARNING COALITION 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE EARLY LEARNING COALITION 401(K) PSP

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