Retirement plan

METSCHOOLS, LLC 401(K) PLAN

Name: METSCHOOLS, LLC - METSCHOOLS, LLC 401(K) PLAN (2022) Form 5500
Creator: METSCHOOLS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METSCHOOLS, LLC 401(K) PLAN, METSCHOOLS, LLC

METSCHOOLS, LLCEIN 80-0925829Plan #002PY 2022

299 N 7TH ST. - BROOKLYN, NY 11211212-867-2828metschools.comLinkedIn501-1000 employeeseducation management

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.2M

-32.0% from 2021

Total participants

237

-2.9% from 2021

Average account balance

$26,333

-29.7% from 2021

Annual return

-15.74%

-49.32 pp from 2021

Benchmarks

See 4,249 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,249 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13K

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-4.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$22,489
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INC Service code 27 · EIN 36-3194849	Advisory (Plan)	$22,093
CERINI & ASSOCIATES LLP6 years Filed as: CERINI & ASSOCIATES Service code 10 · EIN 11-3066459	Accounting	$18,750

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$63K

$1006 / participant

Other / not subdivided$63K100.0%

% of EOY assets

1.029%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CERINI & ASSOCIATES
Auditor EIN: 113066459
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,333

$42,910-38.6%

$60,919-56.8%

$68,490-61.6%

Participation rate

95.2%

66.8%+28.5pp

73.1%+22.1pp

67.9%+27.3pp

Annual return

-15.74%

-13.99%-1.7pp

16.96%-32.7pp

-7.85%-7.9pp

Employer contribution / active EE

$13

$1,978-99.3%

$2,704-99.5%

$2,597-99.5%

Participant deferral / active EE

$2,414

$2,866-15.8%

$3,814-36.7%

$4,028-40.1%

Admin fee / account holder

$271

$3,104-91.3%

$3,228-91.6%

$5,403-95.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$22,489

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INC

Service code 27 · EIN 36-3194849

Advisory (Plan)

$22,093

CERINI & ASSOCIATES LLP6 years

Filed as: CERINI & ASSOCIATES

Service code 10 · EIN 11-3066459

Accounting

$18,750

METSCHOOLS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METSCHOOLS, LLC 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