Retirement plan

COLUMBIA ACADEMY 403(B) EMPLOYEE SAVINGS AND RETIREMENT PLAN

Name: COLUMBIA ACADEMY, INC. - COLUMBIA ACADEMY 403(B) EMPLOYEE SAVINGS AND RETIREMENT PLAN (2023) Form 5500
Creator: COLUMBIA ACADEMY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLUMBIA ACADEMY 403(B) EMPLOYEE SAVINGS AND RETIREMENT PLAN, COLUMBIA ACADEMY, INC.

COLUMBIA ACADEMY, INC.EIN 62-0488045Plan #002PY 2023

1101 WEST 7TH STREET - COLUMBIA, TN 38401931-388-5353LinkedIn1-10 employeesprimary/secondary education

Prospect flagsLow returnsFailed to provide benefit

How to read this page

Total assets (EOY)

$5.5M

+15.9% from 2022

Total participants

216

+5.4% from 2022

Average account balance

$30,891

+5.5% from 2022

Annual return

11.02%

+18.56 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.69M

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.

184

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$498K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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
TIAA7+ years Filed as: TIAA - TEACHERS INSURANCE AND ANNUI Service code 15 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 100173206	Recordkeeping	$17,121

Plan features & details

Pension benefit codes2E2F2G2K2L3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$17K

$116 / participant

Contract admin$17K100.0%

% of EOY assets

0.311%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,891

$65,582-52.9%

$64,097-51.8%

$71,529-56.8%

Participation rate

74.3%

73.2%+1.1pp

72.3%+2.0pp

67.9%+6.4pp

Annual return

11.02%

18.96%-7.9pp

33.75%-22.7pp

28.97%-18.0pp

Employer contribution / active EE

$1,023

$2,671-61.7%

$2,750-62.8%

$2,590-60.5%

Participant deferral / active EE

$1,392

$3,628-61.6%

$3,881-64.1%

$4,291-67.6%

Admin fee / account holder

$96

$616-84.4%

$3,070-96.9%

$1,588-93.9%

Provider

Service type

Compensation

TIAA7+ years

Filed as: TIAA - TEACHERS INSURANCE AND ANNUI

Service code 15 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 100173206

Recordkeeping

$17,121

COLUMBIA ACADEMY 403(B) EMPLOYEE SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLUMBIA ACADEMY 403(B) EMPLOYEE SAVINGS AND RETIREMENT 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