Retirement plan

403(B) THRIFT PLAN OF VISUALLY IMPAIRED PRESCHOOL SERVICES, INC.

Name: VISUALLY IMPAIRED PRESCHOOL SERVICES, INC. - 403(B) THRIFT PLAN OF VISUALLY IMPAIRED PRESCHOOL SERVICES, INC. (2021) Form 5500
Creator: VISUALLY IMPAIRED PRESCHOOL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF VISUALLY IMPAIRED PRESCHOOL SERVICES, INC., VISUALLY IMPAIRED PRESCHOOL SERVICES, INC.

VISUALLY IMPAIRED PRESCHOOL SERVICES, INC.EIN 61-1061973Plan #005PY 2021

1906 GOLDSMITH LN - LOUISVILLE, KY 402182066502-636-3207LinkedIn1-10 employeesprimary/secondary education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+12.8% from 2020

Total participants

-26.7% from 2020

Average account balance

$26,454

+15.4% from 2020

Annual return

14.85%

+0.85 pp from 2020

Benchmarks

See 18,809 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,809 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

74.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$115K

$3971 / participant

Other / not subdivided$115K100.0%

% of EOY assets

10.124%

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

$26,454

$95,383-72.3%

$185,837-85.8%

$85,856-69.2%

Participation rate

96.6%

68.8%+27.8pp

81.7%+14.8pp

69.3%+27.2pp

Annual return

14.85%

23.59%-8.7pp

122.08%-107.2pp

318.58%-303.7pp

Employer contribution / active EE

$1,661

$3,313-49.9%

$5,168-67.9%

$2,565-35.2%

Participant deferral / active EE

$1,602

$3,423-53.2%

$5,568-71.2%

$3,952-59.5%

Admin fee / account holder

$2,678

$7,213-62.9%

$16,241-83.5%

$6,261-57.2%

403(B) THRIFT PLAN OF VISUALLY IMPAIRED PRESCHOOL SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF VISUALLY IMPAIRED PRESCHOOL SERVICES, INC.

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