Retirement plan

NEWPORT CHILDREN'S SCHOOL, INC. 401(K) PROFIT SHARING PLAN

Name: NEWPORT CHILDREN'S SCHOOL, INC. - NEWPORT CHILDREN'S SCHOOL, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: NEWPORT CHILDREN'S SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWPORT CHILDREN'S SCHOOL, INC. 401(K) PROFIT SHARING PLAN, NEWPORT CHILDREN'S SCHOOL, INC.

NEWPORT CHILDREN'S SCHOOL, INC.EIN 91-1086032Plan #001PY 2020

12930 SE NEWPORT WAY - BELLEVUE, WA 98006425-641-0824newportchildrensschool.comLinkedIn1-10 employeeseducation management

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$5M

+18.8% from 2019

Total participants

163

-3.0% from 2019

Average account balance

$37,121

+29.4% from 2019

Annual return

19.78%

-1.27 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.36M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

161

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.

87.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$487K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$311

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASS MUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$26,033
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO Service code 26 · EIN 48-1305000	Advisory (Participants)	$13,612
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL INVESTMENT Service code 49 · EIN 36-3429599	Other Services	$26
HUNNEX AND SHOEMAKER, INC.2 years Filed as: HUNNEX & SHOEMAKER Service code 14 · EIN 91-1072394	Plan Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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.
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

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$34K

$302 / participant

Investment mgmt$34K100.0%

% of EOY assets

0.679%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,121

$58,888-37.0%

$178,499-79.2%

$73,493-49.5%

Participation rate

74.1%

66.2%+7.9pp

81.9%-7.8pp

70.7%+3.4pp

Annual return

19.78%

24.86%-5.1pp

151.10%-131.3pp

28.51%-8.7pp

Employer contribution / active EE

$527

$2,236-76.4%

$5,011-89.5%

$2,270-76.8%

Participant deferral / active EE

$2,231

$2,568-13.1%

$5,202-57.1%

$3,740-40.4%

Admin fee / account holder

$252

$400-37.0%

$13,986-98.2%

$513-50.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASS MUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$26,033

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO

Service code 26 · EIN 48-1305000

Advisory (Participants)

$13,612

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 49 · EIN 36-3429599

Other Services

$26

HUNNEX AND SHOEMAKER, INC.2 years

Filed as: HUNNEX & SHOEMAKER

Service code 14 · EIN 91-1072394

Plan Administrator

NEWPORT CHILDREN'S SCHOOL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWPORT CHILDREN'S SCHOOL, INC. 401(K) PROFIT SHARING 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