Retirement plan

LYNDEN CHRISTIAN SCHOOL 403(B) PLAN

Name: LYNDEN CHRISTIAN SCHOOL - LYNDEN CHRISTIAN SCHOOL 403(B) PLAN (2021) Form 5500
Creator: LYNDEN CHRISTIAN SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LYNDEN CHRISTIAN SCHOOL 403(B) PLAN, LYNDEN CHRISTIAN SCHOOL

LYNDEN CHRISTIAN SCHOOLEIN 91-0662879Plan #001PY 2021

417 LYNCS DRIVE - LYNDEN, WA 98264360-318-9525lyncs.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$1.8M

+82.0% from 2020

Total participants

282

+7.6% from 2020

Average account balance

$11,429

+71.7% from 2020

Annual return

26.38%

+26.38 pp from 2020

Benchmarks

See 922 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort922 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.45M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

201

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.

52.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$776K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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 5 by compensation

Provider	Service type	Compensation
ASPIRE FINANCIAL SERVICES2+ years Filed as: ASPIRE FINANCIAL SERVICES, LLC Service code 28 150 SECOND AVE NORTH, SUITE 1450 · ST. PETERSBURG, FL 33701	Investment Management	$11,156
RAYMOND JAMES FINANCIAL SERVICES2+ years Filed as: RAYMOND JAMES Service code 17 · EIN 59-1237041 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Pension Consulting	$5,258
THE RETIREMENT ADVANTAGE INC2+ years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 15 · EIN 39-1816008 600 S NICOLET ROAD · APPLETON, WI 54914	Recordkeeping	$1,277
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING Service code 26 · EIN 43-1270780 5454 W. 110TH STREET · OVERLAND PARK, KS 66211	Advisory (Participants)	$763
IRON-CO-FID-COMPREHENSIVE2+ years Filed as: IRON FINANCIAL, LLC Service code 26 · EIN 26-2409128 630 DUNDEE ROAD, SUITE 200 · NORTHBROOK, IL 60062	Advisory (Participants)	$551

Plan features & details

Pension benefit codes2E2F2G2J2K2L2M2R3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$19K

$69 / participant

Contract admin$19K100.0%

% of EOY assets

1.064%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SWEENEY CONRAD, P.S.
Auditor EIN: 913101672
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,429

$94,833-87.9%

$75,714-84.9%

$86,821-86.8%

Participation rate

56.4%

79.1%-22.7pp

74.8%-18.4pp

72.3%-15.9pp

Annual return

26.38%

16.91%+9.5pp

104.62%-78.2pp

97.94%-71.6pp

Employer contribution / active EE

$642

$2,904-77.9%

$2,744-76.6%

$2,406-73.3%

Participant deferral / active EE

$1,361

$3,632-62.5%

$3,820-64.4%

$4,132-67.1%

Admin fee / account holder

$122

$109+12.0%

$3,619-96.6%

$170-28.3%

Provider

Service type

Compensation

ASPIRE FINANCIAL SERVICES2+ years

Filed as: ASPIRE FINANCIAL SERVICES, LLC

Service code 28

150 SECOND AVE NORTH, SUITE 1450 · ST. PETERSBURG, FL 33701

Investment Management

$11,156

RAYMOND JAMES FINANCIAL SERVICES2+ years

Filed as: RAYMOND JAMES

Service code 17 · EIN 59-1237041

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Pension Consulting

$5,258

THE RETIREMENT ADVANTAGE INC2+ years

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 15 · EIN 39-1816008

600 S NICOLET ROAD · APPLETON, WI 54914

Recordkeeping

$1,277

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING

Service code 26 · EIN 43-1270780

5454 W. 110TH STREET · OVERLAND PARK, KS 66211

Advisory (Participants)

$763

IRON-CO-FID-COMPREHENSIVE2+ years

Filed as: IRON FINANCIAL, LLC

Service code 26 · EIN 26-2409128

630 DUNDEE ROAD, SUITE 200 · NORTHBROOK, IL 60062

Advisory (Participants)

$551

LYNDEN CHRISTIAN SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LYNDEN CHRISTIAN SCHOOL 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