Retirement plan

40(B) THRIOFT PLAN OF EARLY LEARNING CENTER OF LUBBOCK, INC.

Name: EARLY LEARNING CENTERS OF LUBB - 40(B) THRIOFT PLAN OF EARLY LEARNING CENTER OF LUBBOCK, INC. (2024) Form 5500
Creator: EARLY LEARNING CENTERS OF LUBB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 40(B) THRIOFT PLAN OF EARLY LEARNING CENTER OF LUBBOCK, INC., EARLY LEARNING CENTERS OF LUBB

EARLY LEARNING CENTERS OF LUBBEIN 75-0940023Plan #003PY 2024

1639 MAIN ST - LUBBOCK, TX 794013103806-765-9981elclubbock.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+28.9% from 2023

Total participants

+76.2% from 2023

Average account balance

$13,729

-26.9% from 2023

Annual return

42.57%

+26.60 pp from 2023

Benchmarks

See 21,742 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,742 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.02M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

176.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

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

+42.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2883

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 codes2G3D2J2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

3 tripped

OpportunityLow participant contribution
Participant 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$213K

$5079 / participant

Other / not subdivided$213K100.0%

% of EOY assets

20.997%

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

$13,729

$81,262-83.1%

$155,602-91.2%

$80,911-83.0%

Participation rate

100.0%

66.2%+33.8pp

78.2%+21.8pp

67.6%+32.4pp

Annual return

42.57%

33.34%+9.2pp

64.81%-22.2pp

35.63%+6.9pp

Employer contribution / active EE

$1,606

$3,102-48.2%

$4,675-65.7%

$2,756-41.7%

Participant deferral / active EE

$883

$3,451-74.4%

$5,629-84.3%

$4,297-79.4%

Admin fee / account holder

$2,883

$7,992-63.9%

$15,923-81.9%

$6,935-58.4%

40(B) THRIOFT PLAN OF EARLY LEARNING CENTER OF LUBBOCK, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

40(B) THRIOFT PLAN OF EARLY LEARNING CENTER OF LUBBOCK, INC.

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