Retirement plan

WESTERN CHRISTIAN SCHOOLS 403(B) PLAN

Name: WESTERN CHRISTIAN SCHOOLS - WESTERN CHRISTIAN SCHOOLS 403(B) PLAN (2019) Form 5500
Creator: WESTERN CHRISTIAN SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN CHRISTIAN SCHOOLS 403(B) PLAN, WESTERN CHRISTIAN SCHOOLS

WESTERN CHRISTIAN SCHOOLSEIN 95-2272400Plan #002PY 2019

3105 PADUA AVENUE - CLAREMONT, CA 91711909-624-8291westernchristian.orgLinkedIn51-200 employeeseducation management

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$2.9M

+14.5% from 2018

Total participants

169

-12.0% from 2018

Average account balance

$17,224

+11.7% from 2018

Annual return

4.75%

-1.42 pp from 2018

Benchmarks

See 1,482 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,482 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.36M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

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.

39.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$257K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2545

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC2 years Service code 16 · EIN 33-0905143	Consulting	$13,151
AMERICAN UNITED LIFE INSURANCE CO4+ years Service code 15 · EIN 35-0145825	Recordkeeping	$10,173

Plan features & details

Pension benefit codes2F2G2L2M2E2J2T3D

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.
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.
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

2 tripped

OpportunityLow returns
Annual investment return 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

$14K

$111 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.476%

all-in expense ratio

Categories reported

0 / 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: GOEHNER ACCOUNTANCY
Auditor EIN: 954835865
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,224

$60,795-71.7%

$69,464-75.2%

$65,185-73.6%

Participation rate

97.6%

74.9%+22.7pp

74.6%+23.0pp

70.2%+27.4pp

Annual return

4.75%

17.46%-12.7pp

28.98%-24.2pp

29.38%-24.6pp

Employer contribution / active EE

$798

$2,452-67.5%

$2,779-71.3%

$2,177-63.3%

Participant deferral / active EE

$1,653

$3,162-47.7%

$3,536-53.3%

$3,514-53.0%

Admin fee / account holder

$82

$314-73.9%

$3,840-97.9%

$847-90.3%

Provider

Service type

Compensation

NFP RETIREMENT INC2 years

Service code 16 · EIN 33-0905143

Consulting

$13,151

AMERICAN UNITED LIFE INSURANCE CO4+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$10,173

WESTERN CHRISTIAN SCHOOLS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN CHRISTIAN SCHOOLS 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