Retirement plan

TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS TAX DEFERRED ANNUITY PLAN

Name: TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS - TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS TAX DEFERRED ANNUITY PLAN (2018) Form 5500
Creator: TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS TAX DEFERRED ANNUITY PLAN, TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS

TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALSEIN 74-6087585Plan #002PY 2018

5920 W. WILLIAM CANNON DR, BUILDING 1 SUITE 200 - AUSTIN, TX 78749512-462-1711tasbo.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+1.4% from 2017

Total participants

+2.8% from 2017

Average account balance

$72,256

+4.3% from 2017

Annual return

-6.07%

-19.47 pp from 2017

Benchmarks

See 5,836 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,836 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.40M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

179.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$584K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+18.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6816

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 codes2F2G2L2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

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

$61K

$3053 / participant

Other / not subdivided$61K100.0%

% of EOY assets

2.485%

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

$72,256

$69,541+3.9%

$59,899+20.6%

$135,380-46.6%

Participation rate

85.0%

77.8%+7.2pp

74.7%+10.3pp

82.6%+2.4pp

Annual return

-6.07%

7.95%-14.0pp

3.46%-9.5pp

519.81%-525.9pp

Employer contribution / active EE

$4,696

$3,236+45.1%

$2,723+72.5%

$4,779-1.7%

Participant deferral / active EE

$7,325

$4,206+74.2%

$3,402+115.3%

$5,609+30.6%

Admin fee / account holder

$1,796

$5,737-68.7%

$3,592-50.0%

$10,828-83.4%

TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS ASSOCIATION OF SCHOOL BUSINESS OFFICIALS TAX DEFERRED ANNUITY 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