Retirement plan

BOYD-BUCHANAN SCHOOL PENSION PLAN

Name: BOYD-BUCHANAN SCHOOL - BOYD-BUCHANAN SCHOOL PENSION PLAN (2018) Form 5500
Creator: BOYD-BUCHANAN SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOYD-BUCHANAN SCHOOL PENSION PLAN, BOYD-BUCHANAN SCHOOL

BOYD-BUCHANAN SCHOOLEIN 62-0518286Plan #002PY 2018

4650 BUCCANEER TRL - CHATTANOOGA, TN 374111247423-622-6177

Other plans on this EIN

1 filing

#001Retirement-$475K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+7.7% from 2017

Total participants

125

-3.8% from 2017

Average account balance

$38,299

+5.1% from 2017

Annual return

8.38%

-3.25 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.95M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

170

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.

51.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$711K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,522
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 4860 COLLEGE BLVD · LEAWOOD, KS 66211	Advisory (Plan)	$16,535
PENSION FINANCIAL SERVICES, INC.1 year Filed as: PENSION FINANCIAL SERVICES INC Service code 13 3700 CRESTWOOD PARKWAY · DULUTH, GA 30096	Contract Administrator	$2,668
INDEPENDENT FINANCIAL GROUP LLC3+ years Service code 99 12671 HIGH BLUFF DRIVE · SAN DIEGO, CA 92130	Other Fees	-$1,202

Plan features & details

Pension benefit codes2E2G2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$22K

$206 / participant

Investment mgmt$22K100.0%

% of EOY assets

0.464%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FRIDAY, WALKER & ASSOCIATES, PLLC
Auditor EIN: 621760339
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,299

$44,873-14.6%

$79,467-51.8%

$56,289-32.0%

Participation rate

100.0%

68.7%+31.3pp

73.3%+26.7pp

69.9%+30.1pp

Annual return

8.38%

0.81%+7.6pp

718.30%-709.9pp

-9.96%+18.3pp

Employer contribution / active EE

$2,011

$2,140-6.0%

$2,800-28.2%

$2,111-4.7%

Participant deferral / active EE

$1,900

$2,746-30.8%

$3,704-48.7%

$3,350-43.3%

Admin fee / account holder

$178

$418-57.5%

$5,104-96.5%

$521-65.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,522

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 27

4860 COLLEGE BLVD · LEAWOOD, KS 66211

Advisory (Plan)

$16,535

PENSION FINANCIAL SERVICES, INC.1 year

Filed as: PENSION FINANCIAL SERVICES INC

Service code 13

3700 CRESTWOOD PARKWAY · DULUTH, GA 30096

Contract Administrator

$2,668

INDEPENDENT FINANCIAL GROUP LLC3+ years

Service code 99

12671 HIGH BLUFF DRIVE · SAN DIEGO, CA 92130

Other Fees

-$1,202

BOYD-BUCHANAN SCHOOL PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOYD-BUCHANAN SCHOOL PENSION 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