Retirement plan

FRENCH CAMP ACADEMY 403(B) PLAN

Name: FRENCH CAMP ACADEMY - FRENCH CAMP ACADEMY 403(B) PLAN (2021) Form 5500
Creator: FRENCH CAMP ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRENCH CAMP ACADEMY 403(B) PLAN, FRENCH CAMP ACADEMY

FRENCH CAMP ACADEMYEIN 64-0321520Plan #003PY 2021

ONE FINE PLACE - FRENCH CAMP, MS 39745662-547-6482frenchcamp.orgLinkedIn51-200 employeeseducation management

Other plans on this EIN

1 filing

#004Retirement-$2.1M assets

Prospect flagsHigh feesLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$6.3M

+14.6% from 2020

Total participants

144

-1.4% from 2020

Average account balance

$53,468

+15.6% from 2020

Annual return

13.61%

-8.44 pp from 2020

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.06M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

109

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$181K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$728

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 10 of 13 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 52 · EIN 84-0467907	Indirect Investment Fees	$53,311
REGIONS BANK5 years Service code 22 · EIN 63-0589368	Insurance Broker	$23,020
AB FUNDS5 years Service code 52 · EIN 13-2625045	Indirect Investment Fees	$0
DODGE & COX5 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
EATON VANCE5 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
IVY FUNDS5 years Service code 52 · EIN 45-3036374	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT5 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2M2F2G3H2T

Plan features

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$53K

$456 / participant

Investment mgmt$53K98.9%
Contract admin$5201.0%
Other / not subdivided$580.1%

% of EOY assets

0.852%

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: HADDOZ, REID, EUBANKS, BETTS, LLC.
Auditor EIN: 640414329
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,468

$74,706-28.4%

$75,731-29.4%

$79,389-32.7%

Participation rate

76.9%

75.3%+1.6pp

74.8%+2.1pp

70.7%+6.2pp

Annual return

13.61%

18.52%-4.9pp

104.65%-91.0pp

116.89%-103.3pp

Employer contribution / active EE

$428

$2,590-83.5%

$2,743-84.4%

$2,428-82.4%

Participant deferral / active EE

$1,223

$3,533-65.4%

$3,820-68.0%

$4,046-69.8%

Admin fee / account holder

$456

$374+21.7%

$3,620-87.4%

$626-27.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 52 · EIN 84-0467907

Indirect Investment Fees

$53,311

REGIONS BANK5 years

Service code 22 · EIN 63-0589368

Insurance Broker

$23,020

AB FUNDS5 years

Service code 52 · EIN 13-2625045

Indirect Investment Fees

DODGE & COX5 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

EATON VANCE5 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

IVY FUNDS5 years

Service code 52 · EIN 45-3036374

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT5 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

FRENCH CAMP ACADEMY 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRENCH CAMP ACADEMY 403(B) 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