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THE COVENANT SCHOOL

Charlottesville, Virginia
51-200 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
The Covenant School 401(K) Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
THE COVENANT SCHOOL
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$1,745
Avg Employer Contribution per Person per Year
Below
Moderate
Plan Design
Below
EE Friendly
Admin Fees as a % of Total Assets
Competitive
12%
1 Year Return
Competitive

Peer Group

Size
100-499 employees
Region
South Atlantic
Industry
Other Services (except Public Administration

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
The Covenant School 401(K) Plan
Plan type
401k
Plan start date
11/01/2006
Plan assets
$4,695,065
Participation Rate
73.61 %
Loan %
0.61 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
No
Vesting Requirements
No

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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Just a few of the companies in your cohort

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