Retirement plan

MONTANA SCHOOL BOARDS ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Name: MONTANA SCHOOL BOARDS ASSOCIATION - MONTANA SCHOOL BOARDS ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: MONTANA SCHOOL BOARDS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONTANA SCHOOL BOARDS ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST, MONTANA SCHOOL BOARDS ASSOCIATION

MONTANA SCHOOL BOARDS ASSOCIATIONEIN 81-0247703Plan #002PY 2021

863 GREAT NORTHERN BLVD STE 301 - HELENA, MT 59601406-442-2180mtsba.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed February 27, 2023 (most recent of 5 filings on file)

Plan administrator

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863 GREAT NORTHERN BLVD STE 301

HELENA, MT 59601

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Plans declared (4)

LAREN CARPARELLI NON-QUALIFIED DEFERRED COMPENSATION TRUST1 emp
DEBRA SILK NON-QUALIFIED DEFERRED COMPENSATION TRUST1 emp
SHAWN BUBB NON-QUALIFIED DEFERRED COMPENSATION TRUST1 emp
LANCE MELTON NON-QUALIFIED DEFERRED COMPENSATION TRUST1 emp

Total covered: 4 employees

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Total assets (EOY)

$7.5M

+39.4% from 2020

Total participants

0.0% from 2020

Average account balance

$240,497

+39.4% from 2020

Annual return

32.66%

+25.67 pp from 2020

Benchmarks

See 3,972 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,972 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.40M

Not enough data

1 years with asset history on file

Average account balance

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

$393K

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.

120.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$533K

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

+18.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9520

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

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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 codes2E2G2J3D2T

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$15K

$581 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.195%

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

$240,497

$53,841+346.7%

$75,731+217.6%

$85,851+180.1%

Participation rate

100.0%

69.0%+31.0pp

74.8%+25.2pp

69.3%+30.7pp

Annual return

32.66%

24.54%+8.1pp

104.65%-72.0pp

318.63%-286.0pp

Employer contribution / active EE

$11,176

$2,017+454.1%

$2,743+307.4%

$2,565+335.6%

Participant deferral / active EE

$3,259

$2,895+12.6%

$3,820-14.7%

$3,952-17.5%

Admin fee / account holder

$468

$3,340-86.0%

$3,620-87.1%

$6,261-92.5%

MONTANA SCHOOL BOARDS ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONTANA SCHOOL BOARDS ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

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