Retirement plan

SEOUL FOREIGN SCHOOL RETIREMENT PLAN

Name: SEOUL FOREIGN SCHOOL - SEOUL FOREIGN SCHOOL RETIREMENT PLAN (2024) Form 5500
Creator: SEOUL FOREIGN SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEOUL FOREIGN SCHOOL RETIREMENT PLAN, SEOUL FOREIGN SCHOOL

SEOUL FOREIGN SCHOOLEIN 98-0578195Plan #001PY 2024

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$16M

+22.2% from 2023

Total participants

132

+9.1% from 2023

Average account balance

$123,238

+13.7% from 2023

Annual return

17.11%

-3.96 pp from 2023

Benchmarks

See 4,471 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,471 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.02M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

130

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
THE INVESTMENT CENTER INC6 years Service code 55 PO BOX 770 · BEDMINSTER, NJ 07921	Other Commissions	$60,977
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$50

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$50

$1 / participant

Recordkeeping$50100.0%

% of EOY assets

0.000%

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: PBMARES, LLP
Auditor EIN: 540737372
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,238

$48,327+155.0%

$67,575+82.4%

$80,935+52.3%

Participation rate

97.7%

66.4%+31.3pp

72.9%+24.8pp

67.7%+30.0pp

Annual return

17.11%

18.31%-1.2pp

3528.98%-3511.9pp

35.66%-18.5pp

Employer contribution / active EE

$2,022-100.0%

$2,736-100.0%

$2,757-100.0%

Participant deferral / active EE

$15,662

$2,927+435.0%

$4,003+291.2%

$4,299+264.3%

Admin fee / account holder

$3,692-100.0%

$3,993-100.0%

$6,924-100.0%

Provider

Service type

Compensation

THE INVESTMENT CENTER INC6 years

Service code 55

PO BOX 770 · BEDMINSTER, NJ 07921

Other Commissions

$60,977

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$50

SEOUL FOREIGN SCHOOL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEOUL FOREIGN SCHOOL RETIREMENT 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