Retirement plan

TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) PLAN

Name: TRINITY PRESBYTERIAN SCHOOL, INC. - TRINITY PRESBYTERIAN SCHOOL, INC. 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.1M

+4.4% from 2022

Total participants

126

+4.1% from 2022

Average account balance

$72,008

+0.3% from 2022

Annual return

10.27%

+24.57 pp from 2022

Benchmarks

See 4,424 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,424 peers

Snapshot2023

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 AND5+ years Service code 13 · EIN 06-1050034	Contract Administrator	$40,885
SYNOVUS TRUST COMPANY N.A.2 years Service code 26 · EIN 58-2146977	Advisory (Participants)	$23,384
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2C3D2S

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.
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

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

$64K

$730 / participant

Investment mgmt$23K36.4%
Contract admin$41K63.6%
Other / not subdivided$50.0%

% of EOY assets

0.708%

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: 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

$72,008

$46,596+54.5%

$64,099+12.3%

$75,181-4.2%

Participation rate

100.0%

65.9%+34.1pp

72.3%+27.7pp

67.2%+32.8pp

Annual return

10.27%

26.04%-15.8pp

33.70%-23.4pp

160.69%-150.4pp

Employer contribution / active EE

$2,737

$1,975+38.6%

$2,748-0.4%

$2,671+2.5%

Participant deferral / active EE

$2,166

$2,837-23.6%

$3,881-44.2%

$4,126-47.5%

Admin fee / account holder

$510

$2,954-82.7%

$3,070-83.4%

$5,650-91.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$40,885

SYNOVUS TRUST COMPANY N.A.2 years

Service code 26 · EIN 58-2146977

Advisory (Participants)

$23,384

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

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