Retirement plan

MIDDLE TENNESSEE CHRISTIAN SCHOOL RETIREMENT PLAN

Name: MIDDLE TENNESSEE CHRISTIAN SCHOOL - MIDDLE TENNESSEE CHRISTIAN SCHOOL RETIREMENT PLAN (2022) Form 5500
Creator: MIDDLE TENNESSEE CHRISTIAN SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDDLE TENNESSEE CHRISTIAN SCHOOL RETIREMENT PLAN, MIDDLE TENNESSEE CHRISTIAN SCHOOL

MIDDLE TENNESSEE CHRISTIAN SCHOOLEIN 62-0672053Plan #001PY 2022

100 E. MTCS RD. - MURFREESBORO, TN 371291524615-893-0601

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$3.6M

-6.8% from 2021

Total participants

125

+7.8% from 2021

Average account balance

$40,181

-12.0% from 2021

Annual return

-6.69%

-27.53 pp from 2021

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.56M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

141

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.

79.1%

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

$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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$478

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 5 by compensation

Provider	Service type	Compensation
FIDUCIARY CONSULTING GROUP2 years Filed as: FIDUCIARY CONSULTING GROUP, INC. Service code 12 · EIN 20-2807852	Plan Administrator; Other services; D...	$13,213
BLUESTAR RETIREMENT SERVICES2 years Filed as: BLUESTAR RETIREMENT SERVICES, INC. Service code 12 · EIN 59-3092339 822 A1A N., SUITE 211 · PONTE VEDRA BEACH, FL 32082	Direct payment from the plan; Consult...	$12,410
MCKNIGHT ADVISORY GROUP3 years Service code 26 · EIN 62-1422262 1800 S RUTHERFORD BLVD, SUITE 202 · MURFREESBORO, TN 37130	Advisory (Participants)	$9,438
CREATIVE PLANNING LLC1 year Filed as: IRON FIDUCIARY, CREATIVE PLANNING Service code 28 · EIN 43-1270780	Investment Management	$3,775
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2K2L2M2T3D

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$348 / participant

Investment mgmt$4K9.9%
Contract admin$34K90.1%

% of EOY assets

1.058%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER CPA, PLLC
Auditor EIN: 821430242
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,181

$60,989-34.1%

$60,919-34.0%

$66,949-40.0%

Participation rate

68.2%

74.5%-6.3pp

73.1%-4.9pp

69.8%-1.6pp

Annual return

-6.69%

-9.60%+2.9pp

16.96%-23.7pp

1.57%-8.3pp

Employer contribution / active EE

$1,609

$2,661-39.5%

$2,704-40.5%

$2,545-36.8%

Participant deferral / active EE

$2,329

$3,615-35.6%

$3,814-38.9%

$4,239-45.1%

Admin fee / account holder

$425

$338+25.6%

$3,228-86.8%

$594-28.4%

Provider

Service type

Compensation

FIDUCIARY CONSULTING GROUP2 years

Filed as: FIDUCIARY CONSULTING GROUP, INC.

Service code 12 · EIN 20-2807852

Plan Administrator; Other services; D...

$13,213

BLUESTAR RETIREMENT SERVICES2 years

Filed as: BLUESTAR RETIREMENT SERVICES, INC.

Service code 12 · EIN 59-3092339

822 A1A N., SUITE 211 · PONTE VEDRA BEACH, FL 32082

Direct payment from the plan; Consult...

$12,410

MCKNIGHT ADVISORY GROUP3 years

Service code 26 · EIN 62-1422262

1800 S RUTHERFORD BLVD, SUITE 202 · MURFREESBORO, TN 37130

Advisory (Participants)

$9,438

CREATIVE PLANNING LLC1 year

Filed as: IRON FIDUCIARY, CREATIVE PLANNING

Service code 28 · EIN 43-1270780

Investment Management

$3,775

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

MIDDLE TENNESSEE CHRISTIAN SCHOOL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDDLE TENNESSEE CHRISTIAN SCHOOL 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