Retirement plan

TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) PLAN

Name: TRINITY PRESBYTERIAN SCHOOL, INC. - TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) PLAN (2022) Form 5500
Creator: TRINITY PRESBYTERIAN SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) PLAN, TRINITY PRESBYTERIAN SCHOOL, INC.

TRINITY PRESBYTERIAN SCHOOL, INC.EIN 63-0586676Plan #002PY 2022

1700 E. TRINITY BOULEVARD - MONTGOMERY, AL 36106334-213-2100trinitywildcats.comLinkedIn51-200 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.7M

-23.6% from 2021

Total participants

121

-3.2% from 2021

Average account balance

$71,794

-21.7% from 2021

Annual return

-14.29%

-39.87 pp from 2021

Benchmarks

See 4,253 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,253 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.21M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

149

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.

22.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$316K

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

+8.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$395

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 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$59,808
SYNOVUS TRUST COMPANY N.A.1 year Service code 26 · EIN 58-2146977	Advisory (Participants)	$28,042
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2C3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
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

$88K

$1071 / participant

Other / not subdivided$88K100.0%

% of EOY assets

1.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALDRIDGE, BORDEN & COMPANY, P.C.
Auditor EIN: 630781330
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,794

$42,917+67.3%

$60,899+17.9%

$68,495+4.8%

Participation rate

100.0%

66.8%+33.2pp

73.1%+26.9pp

67.9%+32.1pp

Annual return

-14.29%

-13.99%-0.3pp

16.92%-31.2pp

-7.84%-6.5pp

Employer contribution / active EE

$1,604

$1,979-18.9%

$2,702-40.6%

$2,596-38.2%

Participant deferral / active EE

$2,612

$2,867-8.9%

$3,817-31.6%

$4,028-35.1%

Admin fee / account holder

$726

$3,102-76.6%

$3,225-77.5%

$5,403-86.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$59,808

SYNOVUS TRUST COMPANY N.A.1 year

Service code 26 · EIN 58-2146977

Advisory (Participants)

$28,042

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 15

Recordkeeping

TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) 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