Retirement plan

SALPOINTE CATHOLIC HIGH SCHOOL CASH OR DEFERRED PROFIT SHARING

Name: SALPOINTE CATHOLIC HIGH SCHOOL - SALPOINTE CATHOLIC HIGH SCHOOL CASH OR DEFERRED PROFIT SHARING (2024) Form 5500
Creator: SALPOINTE CATHOLIC HIGH SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALPOINTE CATHOLIC HIGH SCHOOL CASH OR DEFERRED PROFIT SHARING, SALPOINTE CATHOLIC HIGH SCHOOL

SALPOINTE CATHOLIC HIGH SCHOOLEIN 86-0705131Plan #001PY 2024

1545 EAST COPPER STREET - TUCSON, AZ 85719520-547-5888salpointe.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.8M

+7.0% from 2023

Total participants

195

+3.2% from 2023

Average account balance

$94,805

+4.1% from 2023

Annual return

12.40%

-4.47 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.82M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

188

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$344

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

Top 2 by compensation

Provider	Service type	Compensation
WELLSPRING FINANCIAL PARTNERS10+ years Filed as: WELLSPRING FINANCIAL PARTNERS, LLC Service code 15 · EIN 45-2984270	Recordkeeping	$40,983
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$23,762

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

$65K

$476 / participant

Recordkeeping$24K36.7%
Investment mgmt$41K63.3%

% of EOY assets

0.363%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HEINFELD MEECH & CO.
Auditor EIN: 860558065
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,805

$69,774+35.9%

$67,561+40.3%

$74,429+27.4%

Participation rate

94.9%

71.4%+23.5pp

72.9%+21.9pp

67.2%+27.6pp

Annual return

12.40%

-40.53%+52.9pp

3525.44%-3513.0pp

1368.38%-1356.0pp

Employer contribution / active EE

$3,860

$2,710+42.4%

$2,735+41.1%

$2,625+47.0%

Participant deferral / active EE

$5,557

$3,636+52.8%

$4,003+38.8%

$4,348+27.8%

Admin fee / account holder

$344

$890-61.3%

$4,006-91.4%

$1,944-82.3%

Provider

Service type

Compensation

WELLSPRING FINANCIAL PARTNERS10+ years

Filed as: WELLSPRING FINANCIAL PARTNERS, LLC

Service code 15 · EIN 45-2984270

Recordkeeping

$40,983

ADP BROKER-DEALER5 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$23,762

SALPOINTE CATHOLIC HIGH SCHOOL CASH OR DEFERRED PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALPOINTE CATHOLIC HIGH SCHOOL CASH OR DEFERRED PROFIT SHARING

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