Miami Community Charter School, Inc.
Form 5500 DataOverview
Plan Description
Miami Community Charter School 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 46. Miami Community Charter School 401k Plan currently has over 100 active participants and over $39.1K in plan assets.
Did you know?
For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (46) and the top rated plan (86) could equate to:
17
Additional years of work
290,710
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 8/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 18720 S.w. 352nd Street
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 18720 S.w. 352nd Street
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LocationFlorida City , FL33034
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IndustryEducational Services
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Net Plan Assets$39,000
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Total Participants120
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Avg Account Balance$3,600
Plan Components
Component Ratings
Design
Total Plan Cost:
Average Fees
Company Generosity:
Poor
Performance
Participation Rate:
Poor
Salary Deferrals:
Below Avg.
Account Balance:
Poor
Design
Total Plan Cost:
Low Fees
Company Generosity:
Average
Performance
Participation Rate:
Poor
Salary Deferrals:
Average
Account Balance:
Below Avg.
Peer Group Plans
Company | Rating |
---|---|
Fort Bend Christian Academy | 57.9 |
Integrity Educational Services | 57.4 |
Klamath Family Head Start | 54.4 |
Communities in Schools of San Antonio | 49.3 |
Oklahoma Christian Schools | 43.0 |
Gulf Coast Trades Center | 40.5 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
Practice Management
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
December 28, 2020
Compliance
Missing Participant Guidance Released by DOL
The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.
January 13, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Client Service
Common Mistakes Advisers Make That Should be Avoided
Experts outline several ways advisers can ensure they keep the loyalty of their clients.
January 13, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
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John Hancock Multi-Index Preservation | 94% |
N/A
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John Hancock Stable Value Fund | 5% |
N/A
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100%
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100%
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100%
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100%
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View all funds in this plan
Providers
Articles and Questions

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