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 (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.4M

+22.7% from 2020

Total participants

+16.2% from 2020

Average account balance

$104,480

+5.2% from 2020

Annual return

13.19%

+0.80 pp from 2020

Benchmarks

See 6,468 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,468 peers

Snapshot2021

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

$38K

$1673 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.877%

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

$104,480

$84,741+23.3%

$75,731+38.0%

$167,553-37.6%

Participation rate

95.7%

77.8%+17.8pp

74.8%+20.8pp

82.1%+13.5pp

Annual return

13.19%

199.72%-186.5pp

104.65%-91.5pp

478.89%-465.7pp

Employer contribution / active EE

$6,365

$3,230+97.0%

$2,743+132.0%

$4,840+31.5%

Participant deferral / active EE

$9,947

$4,577+117.3%

$3,820+160.4%

$6,343+56.8%

Admin fee / account holder

$916

$5,361-82.9%

$3,620-74.7%

$12,316-92.6%

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