Retirement plan

BRANCH ALLIANCE FOR EDUCATOR DIVERSITY 401(K) PLAN

Name: BRANCH ALLIANCE FOR EDUCATOR DIVERSITY - BRANCH ALLIANCE FOR EDUCATOR DIVERSITY 401(K) PLAN (2024) Form 5500
Creator: BRANCH ALLIANCE FOR EDUCATOR DIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRANCH ALLIANCE FOR EDUCATOR DIVERSITY 401(K) PLAN, BRANCH ALLIANCE FOR EDUCATOR DIVERSITY

BRANCH ALLIANCE FOR EDUCATOR DIVERSITYEIN 81-4012999Plan #001PY 2024

7500 RIALTO BLVD., SUITE 250 - AUSTIN, TX 78735800-519-0249

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.1M

-0.3% from 2023

Total participants

+3.6% from 2023

Average account balance

$54,150

-9.8% from 2023

Annual return

10.97%

-6.12 pp from 2023

Benchmarks

See 8,067 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,067 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$301K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20901

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 codes2E2F2G2H2J2T3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$439K

$20901 / participant

Other / not subdivided$439K100.0%

% of EOY assets

38.597%

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

$54,150

$72,403-25.2%

$67,524-19.8%

$145,978-62.9%

Participation rate

61.9%

76.9%-15.0pp

72.9%-11.0pp

80.3%-18.4pp

Annual return

10.97%

7197.23%-7186.3pp

3519.41%-3508.4pp

550.52%-539.5pp

Employer contribution / active EE

$5,383

$3,072+75.3%

$2,734+96.9%

$4,662+15.5%

Participant deferral / active EE

$8,967

$4,782+87.5%

$4,001+124.1%

$6,690+34.1%

Admin fee / account holder

$20,901

$5,541+277.2%

$4,001+422.4%

$13,400+56.0%

BRANCH ALLIANCE FOR EDUCATOR DIVERSITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRANCH ALLIANCE FOR EDUCATOR DIVERSITY 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