Retirement plan

SOCIAL JUSTICE PUBLIC CHARTER SCHOOL 403(B) RETIREMENT PLAN

Name: SOCIAL JUSTICE PUBLIC CHARTER SCHOOL INC. - SOCIAL JUSTICE PUBLIC CHARTER SCHOOL 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: SOCIAL JUSTICE PUBLIC CHARTER SCHOOL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOCIAL JUSTICE PUBLIC CHARTER SCHOOL 403(B) RETIREMENT PLAN, SOCIAL JUSTICE PUBLIC CHARTER SCHOOL INC.

SOCIAL JUSTICE PUBLIC CHARTER SCHOOL INC.EIN 82-5082397Plan #001PY 2023

5450 3RD ST NE - WASHINGTON, DC 200116316301-257-0287thesocialjusticeschool.orgLinkedIn11-50 employeeseducation management

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$163K

+65.1% from 2022

Total participants

-15.8% from 2022

Average account balance

$11,658

+76.9% from 2022

Annual return

11.05%

+55.50 pp from 2022

Benchmarks

See 7,486 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort7,486 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$425K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

119.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$418

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 codes2F2G2L2M2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

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

$31K

$2216 / participant

Other / not subdivided$31K100.0%

% of EOY assets

19.008%

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

$11,658

$69,248-83.2%

$64,101-81.8%

$139,466-91.6%

Participation rate

85.7%

75.6%+10.1pp

72.3%+13.4pp

80.3%+5.4pp

Annual return

11.05%

45.95%-34.9pp

33.72%-22.7pp

373.66%-362.6pp

Employer contribution / active EE

$1,384

$3,185-56.5%

$2,749-49.6%

$4,754-70.9%

Participant deferral / active EE

$4,518

$4,682-3.5%

$3,881+16.4%

$6,712-32.7%

Admin fee / account holder

$2,216

$4,247-47.8%

$3,070-27.8%

$11,409-80.6%

SOCIAL JUSTICE PUBLIC CHARTER SCHOOL 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOCIAL JUSTICE PUBLIC CHARTER SCHOOL 403(B) RETIREMENT 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