Retirement plan

NATIONAL ACADEMY OF EDUCATION 403(B) PLAN

Name: NATIONAL ACADEMY OF EDUCATION - NATIONAL ACADEMY OF EDUCATION 403(B) PLAN (2020) Form 5500
Creator: NATIONAL ACADEMY OF EDUCATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ACADEMY OF EDUCATION 403(B) PLAN, NATIONAL ACADEMY OF EDUCATION

NATIONAL ACADEMY OF EDUCATIONEIN 77-0415802Plan #001PY 2020

500 5TH STREET NW, 3RD FLOOR - WASHINGTON, DC 200012736202-334-2340naeducation.orgLinkedIn1-10 employeesresearch

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$818K

+29.5% from 2019

Total participants

-9.1% from 2019

Average account balance

$90,849

+29.5% from 2019

Annual return

14.58%

-0.50 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

171.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 codes2F2G2L2M2T3D

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.
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

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

$225

$32 / participant

Other / not subdivided$225100.0%

% of EOY assets

0.028%

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

$90,849

$100,938-10.0%

$90,461+0.4%

$158,982-42.9%

Participation rate

85.7%

75.0%+10.7pp

72.7%+13.0pp

82.0%+3.7pp

Annual return

14.58%

1727.20%-1712.6pp

1294.76%-1280.2pp

302.99%-288.4pp

Employer contribution / active EE

$7,022

$3,691+90.2%

$3,264+115.1%

$4,763+47.4%

Participant deferral / active EE

$6,431

$4,350+47.8%

$3,964+62.2%

$5,983+7.5%

Admin fee / account holder

$25

$6,510-99.6%

$5,617-99.6%

$11,252-99.8%

NATIONAL ACADEMY OF EDUCATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ACADEMY OF EDUCATION 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