Retirement plan

WESTMINSTER CHRISTIAN SCHOOL 403(B) PLAN

Name: WESTMINSTER CHRISTIAN SCHOOL - WESTMINSTER CHRISTIAN SCHOOL 403(B) PLAN (2023) Form 5500
Creator: WESTMINSTER CHRISTIAN SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTMINSTER CHRISTIAN SCHOOL 403(B) PLAN, WESTMINSTER CHRISTIAN SCHOOL

WESTMINSTER CHRISTIAN SCHOOLEIN 59-6057154Plan #001PY 2023

6855 SW 152 STREET - PALMETTO BAY, FL 33157305-233-2030wcsmiami.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.6M

+48.5% from 2022

Total participants

269

+2.3% from 2022

Average account balance

$31,888

+47.5% from 2022

Annual return

26.17%

+43.36 pp from 2022

Benchmarks

See 964 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort964 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.37M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

160

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.

52.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 1 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Filed as: NATIONWIDE FINANCIAL Service code 15 ONE NATIONWIDE BLVD · COLUMBUS, OH 43212	Recordkeeping	$22,838

Plan features & details

Pension benefit codes2F2G2M2K2T

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$87 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.501%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VERDEJA DE ARMAS TRUJILLO & ALVAREZ
Auditor EIN: 204989621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,888

$83,884-62.0%

$64,097-50.3%

$74,473-57.2%

Participation rate

51.9%

76.6%-24.7pp

72.3%-20.4pp

70.7%-18.8pp

Annual return

26.17%

16.57%+9.6pp

33.75%-7.6pp

34.36%-8.2pp

Employer contribution / active EE

$1,498

$3,084-51.4%

$2,750-45.5%

$2,638-43.2%

Participant deferral / active EE

$2,547

$3,692-31.0%

$3,881-34.4%

$4,530-43.8%

Admin fee / account holder

$160

$196-18.5%

$3,070-94.8%

$347-54.0%

Provider

Service type

Compensation

NATIONWIDE4 years

Filed as: NATIONWIDE FINANCIAL

Service code 15

ONE NATIONWIDE BLVD · COLUMBUS, OH 43212

Recordkeeping

$22,838

WESTMINSTER CHRISTIAN SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTMINSTER CHRISTIAN SCHOOL 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