Retirement plan

TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF KNOXVILLE MONTESSORI ASSOCIATION, INC.

Name: KNOXVILLE MONTESSORI ASSOCIATION, INC. - TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF KNOXVILLE MONTESSORI ASSOCIATION, INC. (2024) Form 5500
Creator: KNOXVILLE MONTESSORI ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF KNOXVILLE MONTESSORI ASSOCIATION, INC., KNOXVILLE MONTESSORI ASSOCIATION, INC.

KNOXVILLE MONTESSORI ASSOCIATION, INC.EIN 62-0757917Plan #002PY 2024

4311 KINGSTON PIKE - KNOXVILLE, TN 37919865-525-6042knoxvillemontessori.orgLinkedIn11-50 employeeseducation management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$319K

-10.9% from 2023

Total participants

+14.3% from 2023

Average account balance

$24,531

-4.1% from 2023

Annual return

7.65%

-0.13 pp from 2023

Benchmarks

See 8,041 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,041 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$398K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$936

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 codes2E2F2G2L3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$96K

$7385 / participant

Other / not subdivided$96K100.0%

% of EOY assets

30.106%

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

$24,531

$72,465-66.1%

$67,575-63.7%

$145,884-83.2%

Participation rate

76.9%

76.9%0pp

72.9%+4.0pp

80.3%-3.4pp

Annual return

7.65%

7222.56%-7214.9pp

3528.98%-3521.3pp

551.85%-544.2pp

Employer contribution / active EE

$1,150

$3,074-62.6%

$2,736-58.0%

$4,662-75.3%

Participant deferral / active EE

$1,093

$4,786-77.2%

$4,003-72.7%

$6,690-83.7%

Admin fee / account holder

$7,385

$5,515+33.9%

$3,993+85.0%

$13,392-44.9%

TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF KNOXVILLE MONTESSORI ASSOCIATION, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF KNOXVILLE MONTESSORI ASSOCIATION, 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