Retirement plan

CCCS OF ROCHESTER, INC. 403(B) PLAN

Name: CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER - CCCS OF ROCHESTER, INC. 403(B) PLAN (2023) Form 5500
Creator: CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CCCS OF ROCHESTER, INC. 403(B) PLAN, CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER

CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTEREIN 16-0972260Plan #001PY 2023

1050 UNIVERSITY AVENUE, SUITE A - ROCHESTER, NY 14607585-546-3440cccsofrochester.orgLinkedIn11-50 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+29.8% from 2022

Total participants

-7.9% from 2022

Average account balance

$27,313

+32.1% from 2022

Annual return

18.22%

+35.65 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

136.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2467

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$85K

$1772 / participant

Other / not subdivided$85K100.0%

% of EOY assets

5.560%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,313

$77,908-64.9%

$149,696-81.8%

$75,173-63.7%

Participation rate

95.8%

65.6%+30.3pp

78.8%+17.1pp

67.2%+28.6pp

Annual return

18.22%

31.73%-13.5pp

134.46%-116.2pp

160.72%-142.5pp

Employer contribution / active EE

$1,647

$3,138-47.5%

$4,821-65.8%

$2,671-38.3%

Participant deferral / active EE

$2,770

$3,411-18.8%

$5,682-51.3%

$4,126-32.9%

Admin fee / account holder

$1,519

$5,950-74.5%

$13,212-88.5%

$5,651-73.1%

CCCS OF ROCHESTER, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CCCS OF ROCHESTER, INC. 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