Retirement plan

COLLEGIATE ACADEMIES 403(B) PLAN

Name: COLLEGIATE ACADEMIES - COLLEGIATE ACADEMIES 403(B) PLAN (2024) Form 5500
Creator: COLLEGIATE ACADEMIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLLEGIATE ACADEMIES 403(B) PLAN, COLLEGIATE ACADEMIES

COLLEGIATE ACADEMIESEIN 80-0601507Plan #001PY 2024

2625 THALIA STREET - NEW ORLEANS, LA 70113504-503-0008collegiateacademies.orgLinkedIn201-500 employeeseducation management

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.8M

+16.8% from 2023

Total participants

951

+4.3% from 2023

Average account balance

$15,168

+10.7% from 2023

Annual return

11.20%

-5.53 pp from 2023

Benchmarks

See 955 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort955 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.80M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

844

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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 5 by compensation

Provider	Service type	Compensation
FREEGULLIVER, LLC8 years Service code 22 · EIN 72-1498534 509 OCTAVIA ST · NEW ORLEANS, LA 70115	Insurance Broker	$93,431
THE HASLAUER GROUP, INC.8 years Filed as: THE HASLAUER GROUP, INC Service code 15 · EIN 72-1396122 1800 WILLIAMS BLVD · KENNER, LA 70062	Recordkeeping	$20,066
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$16,368
NATIONWIDE8 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$5,850
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Filed as: RELIASTAR LIFE INSURANCE COMPANY Service code 64 · EIN 41-0451140 P.O. BOX 5050 · MINOT, ND 587025050	Recordkeeping Fees	$1,425

Plan features & details

Pension benefit codes2L2K2F2G2E2T3D2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$132K

$231 / participant

Contract admin$132K100.0%

% of EOY assets

1.033%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEGMANN DAZET, APC
Auditor EIN: 720870824
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,168

$91,621-83.4%

$67,511-77.5%

$77,671-80.5%

Participation rate

81.3%

76.0%+5.4pp

72.9%+8.4pp

70.6%+10.7pp

Annual return

11.20%

14.87%-3.7pp

3517.41%-3506.2pp

31.21%-20.0pp

Employer contribution / active EE

$1,523

$3,184-52.2%

$2,733-44.3%

$2,726-44.1%

Participant deferral / active EE

$2,161

$3,906-44.7%

$4,000-46.0%

$4,648-53.5%

Admin fee / account holder

$157

$176-11.1%

$3,999-96.1%

$430-63.6%

Provider

Service type

Compensation

FREEGULLIVER, LLC8 years

Service code 22 · EIN 72-1498534

509 OCTAVIA ST · NEW ORLEANS, LA 70115

Insurance Broker

$93,431

THE HASLAUER GROUP, INC.8 years

Filed as: THE HASLAUER GROUP, INC

Service code 15 · EIN 72-1396122

1800 WILLIAMS BLVD · KENNER, LA 70062

Recordkeeping

$20,066

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$16,368

NATIONWIDE8 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$5,850

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Filed as: RELIASTAR LIFE INSURANCE COMPANY

Service code 64 · EIN 41-0451140

P.O. BOX 5050 · MINOT, ND 587025050

Recordkeeping Fees

$1,425

COLLEGIATE ACADEMIES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLLEGIATE ACADEMIES 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