Retirement plan

UNIVERSITY PREPARATORY ACADEMY 401(K) RETIREMENT PLAN & TRUST

Name: UNIVERSITY PREPARATORY ACADEMY - UNIVERSITY PREPARATORY ACADEMY 401(K) RETIREMENT PLAN & TRUST (2023) Form 5500
Creator: UNIVERSITY PREPARATORY ACADEMY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY PREPARATORY ACADEMY 401(K) RETIREMENT PLAN & TRUST, UNIVERSITY PREPARATORY ACADEMY

UNIVERSITY PREPARATORY ACADEMYEIN 91-0974344Plan #001PY 2023

8000 25TH AVENUE NE - SEATTLE, WA 981154600206-525-2714

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$34.7M

+11.6% from 2022

Total participants

362

+4.9% from 2022

Average account balance

$120,549

+8.2% from 2022

Annual return

16.20%

+30.26 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.91M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

299

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 3 by compensation

Provider	Service type	Compensation
TIAA4 years Filed as: TIAA TEACHERS INSURANCE AND ANNUITY Service code 15 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 100173206	Recordkeeping	$33,715
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS, INC Service code 15 · EIN 82-3719843 PO BOX 979 · BRAINERD, MN 564010979	Recordkeeping	$5,808
TIAA9+ years Filed as: TIAA-CREF Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$18K

$84 / participant

Contract admin$18K100.0%

% of EOY assets

0.052%

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: CLARK NUBER PS
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,549

$65,582+83.8%

$64,097+88.1%

$71,529+68.5%

Participation rate

65.7%

73.2%-7.4pp

72.3%-6.6pp

67.9%-2.2pp

Annual return

16.20%

18.96%-2.8pp

33.75%-17.5pp

28.97%-12.8pp

Employer contribution / active EE

$3,389

$2,671+26.9%

$2,750+23.2%

$2,590+30.8%

Participant deferral / active EE

$5,324

$3,628+46.8%

$3,881+37.2%

$4,291+24.1%

Admin fee / account holder

$63

$616-89.8%

$3,070-97.9%

$1,588-96.0%

Provider

Service type

Compensation

TIAA4 years

Filed as: TIAA TEACHERS INSURANCE AND ANNUITY

Service code 15 · EIN 13-1624203

730 THIRD AVE. · NEW YORK, NY 100173206

Recordkeeping

$33,715

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS, INC

Service code 15 · EIN 82-3719843

PO BOX 979 · BRAINERD, MN 564010979

Recordkeeping

$5,808

TIAA9+ years

Filed as: TIAA-CREF

Service code 13

Contract Administrator

UNIVERSITY PREPARATORY ACADEMY 401(K) RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY PREPARATORY ACADEMY 401(K) RETIREMENT PLAN & TRUST

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