Retirement plan

DAY 1 ACADEMIES 401(K) PLAN

Name: DAY 1 ACADEMIES - DAY 1 ACADEMIES 401(K) PLAN (2021) Form 5500
Creator: DAY 1 ACADEMIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAY 1 ACADEMIES 401(K) PLAN, DAY 1 ACADEMIES

DAY 1 ACADEMIESEIN 84-3907778Plan #001PY 2021

3040 78TH AVENUE SE, #1042 - MERCER ISLAND, WA 980409998844-302-3539

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+637.1% from 2020

Total participants

+375.0% from 2020

Average account balance

$17,804

+77.3% from 2020

Annual return

263.16%

+263.16 pp from 2020

Benchmarks

See 3,975 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,975 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.34M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

488

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.87M

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

+23.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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

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 codes2E2F2G2J2T3D

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.
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

$24K

$265 / participant

Other / not subdivided$24K100.0%

% of EOY assets

1.736%

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

$17,804

$53,837-66.9%

$75,717-76.5%

$85,856-79.3%

Participation rate

82.6%

69.1%+13.6pp

74.8%+7.8pp

69.3%+13.3pp

Annual return

263.16%

24.54%+238.6pp

104.58%+158.6pp

318.58%-55.4pp

Employer contribution / active EE

$2,797

$2,017+38.6%

$2,743+2.0%

$2,565+9.0%

Participant deferral / active EE

$5,223

$2,895+80.4%

$3,821+36.7%

$3,952+32.2%

Admin fee / account holder

$309

$3,341-90.7%

$3,619-91.5%

$6,261-95.1%

DAY 1 ACADEMIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAY 1 ACADEMIES 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