Retirement plan

NORTHEAST CHARTER SCHOOLS NETWORK 403(B) PLAN

Name: NORTHEAST CHARTER SCHOOLS NETWORK, INC. - NORTHEAST CHARTER SCHOOLS NETWORK 403(B) PLAN (2024) Form 5500
Creator: NORTHEAST CHARTER SCHOOLS NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST CHARTER SCHOOLS NETWORK 403(B) PLAN, NORTHEAST CHARTER SCHOOLS NETWORK, INC.

NORTHEAST CHARTER SCHOOLS NETWORK, INC.EIN 74-2952223Plan #001PY 2024

2 TOWER PLACE, SECOND FLOOR - ALBANY, NY 12203518-603-9091necharters.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$915K

+46.9% from 2023

Total participants

-9.7% from 2023

Average account balance

$39,803

+40.5% from 2023

Annual return

13.66%

-8.42 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

$915K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

135.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$563

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 codes2M3D2G2F2T

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.
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

$13K

$762 / participant

Other / not subdivided$13K100.0%

% of EOY assets

1.414%

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

$39,803

$72,465-45.1%

$67,575-41.1%

$145,884-72.7%

Participation rate

70.6%

76.9%-6.3pp

72.9%-2.3pp

80.3%-9.7pp

Annual return

13.66%

7222.56%-7208.9pp

3528.98%-3515.3pp

551.85%-538.2pp

Employer contribution / active EE

$2,938

$3,074-4.4%

$2,736+7.4%

$4,662-37.0%

Participant deferral / active EE

$9,610

$4,786+100.8%

$4,003+140.0%

$6,690+43.6%

Admin fee / account holder

$563

$5,515-89.8%

$3,993-85.9%

$13,392-95.8%

NORTHEAST CHARTER SCHOOLS NETWORK 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST CHARTER SCHOOLS NETWORK 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