Retirement plan

NORTHEAST CHARTER SCHOOLS NETWORK 403(B) PLAN

Name: NORTHEAST CHARTER SCHOOLS NETWORK, INC. - NORTHEAST CHARTER SCHOOLS NETWORK 403(B) PLAN (2020) 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 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$367K

+57.2% from 2019

Total participants

-5.9% from 2019

Average account balance

$36,731

+41.4% from 2019

Annual return

18.45%

+18.45 pp from 2019

Benchmarks

See 6,196 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,196 peers

Snapshot2020

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 codes2M2G2F2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$3K

$215 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.821%

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

$36,731

$81,664-55.0%

$70,476-47.9%

$158,966-76.9%

Participation rate

57.1%

77.7%-20.6pp

75.1%-17.9pp

82.0%-24.8pp

Annual return

18.45%

208.59%-190.1pp

109.12%-90.7pp

302.95%-284.5pp

Employer contribution / active EE

$1,697

$3,219-47.3%

$2,738-38.0%

$4,762-64.4%

Participant deferral / active EE

$4,766

$4,556+4.6%

$3,710+28.4%

$5,983-20.3%

Admin fee / account holder

$301

$6,197-95.1%

$3,847-92.2%

$11,250-97.3%

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