Retirement plan

EXCELLIGENCE LEARNING CORPORATION 401(K) PLAN

Name: EXCELLIGENCE LEARNING CORPORATION - EXCELLIGENCE LEARNING CORPORATION 401(K) PLAN (2023) Form 5500
Creator: EXCELLIGENCE LEARNING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EXCELLIGENCE LEARNING CORPORATION 401(K) PLAN, EXCELLIGENCE LEARNING CORPORATION

EXCELLIGENCE LEARNING CORPORATIONEIN 77-0559897Plan #001PY 2023

20 RYAN RANCH RD, SUITE 200 - MONTEREY, CA 939405743831-333-5586excelligence.comLinkedIn1001-5000 employeeshigher education

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$34.1M

+27.3% from 2022

Total participants

1,073

-1.6% from 2022

Average account balance

$50,150

+16.2% from 2022

Annual return

22.81%

+38.21 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort266 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.43M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

648

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.

39.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$292

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
QUALIFIED PLANS, LLC1 year Filed as: QUALIFIED PLAN ADVISORS Service code 27 · EIN 82-1364595	Advisory (Plan)	$54,211
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$18,423
QP ADVISORY LLC1 year Filed as: QUALIFIED PLAN ADVISORY LLC Service code 27 · EIN 80-0383171	Advisory (Plan)	$14,361

Plan features & details

Pension benefit codes2F2G2J2K2T3H3D2R

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$95K

$115 / participant

Recordkeeping$18K19.4%
Investment mgmt$77K80.6%

% of EOY assets

0.279%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,150

$49,940+0.4%

$95,740-47.6%

$74,460-32.6%

Participation rate

52.3%

66.8%-14.5pp

72.3%-20.0pp

70.7%-18.4pp

Annual return

22.81%

24.92%-2.1pp

28.41%-5.6pp

34.38%-11.6pp

Employer contribution / active EE

$1,708

$1,639+4.2%

$2,836-39.8%

$2,638-35.2%

Participant deferral / active EE

$3,360

$3,753-10.5%

$4,244-20.8%

$4,530-25.8%

Admin fee / account holder

$140

$300-53.3%

$5,676-97.5%

$348-59.8%

Provider

Service type

Compensation

QUALIFIED PLANS, LLC1 year

Filed as: QUALIFIED PLAN ADVISORS

Service code 27 · EIN 82-1364595

Advisory (Plan)

$54,211

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$18,423

QP ADVISORY LLC1 year

Filed as: QUALIFIED PLAN ADVISORY LLC

Service code 27 · EIN 80-0383171

Advisory (Plan)

$14,361

EXCELLIGENCE LEARNING CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EXCELLIGENCE LEARNING CORPORATION 401(K) 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