Retirement plan

THE NEW SCHOOL OF NORTHERN VIRGINIA, INC. 403(B) PLAN

Name: THE NEW SCHOOL OF NORTHERN VIRGINIA, INC. - THE NEW SCHOOL OF NORTHERN VIRGINIA, INC. 403(B) PLAN (2023) Form 5500
Creator: THE NEW SCHOOL OF NORTHERN VIRGINIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NEW SCHOOL OF NORTHERN VIRGINIA, INC. 403(B) PLAN, THE NEW SCHOOL OF NORTHERN VIRGINIA, INC.

THE NEW SCHOOL OF NORTHERN VIRGINIA, INC.EIN 82-1288652Plan #002PY 2023

9431 SILVER KING COURT - FAIRFAX, VA 22031703-691-3543newschoolva.comLinkedIn11-50 employeeseducation management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.5M

-2.1% from 2022

Total participants

0.0% from 2022

Average account balance

$124,963

+1.3% from 2022

Annual return

7.47%

+21.07 pp from 2022

Benchmarks

See 4,415 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,415 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.36M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

103.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$241K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$685

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 codes3D2G2M2F

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$596K

$19867 / participant

Other / not subdivided$596K100.0%

% of EOY assets

17.034%

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

$124,963

$46,534+168.5%

$64,097+95.0%

$75,177+66.2%

Participation rate

70.0%

65.9%+4.1pp

72.3%-2.3pp

67.2%+2.8pp

Annual return

7.47%

26.07%-18.6pp

33.75%-26.3pp

160.75%-153.3pp

Employer contribution / active EE

$1,305

$1,976-33.9%

$2,750-52.5%

$2,671-51.1%

Participant deferral / active EE

$6,491

$2,835+129.0%

$3,881+67.2%

$4,126+57.3%

Admin fee / account holder

$21,286

$2,957+619.9%

$3,070+593.4%

$5,651+276.7%

THE NEW SCHOOL OF NORTHERN VIRGINIA, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NEW SCHOOL OF NORTHERN VIRGINIA, INC. 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