Retirement plan

PACIFIC CHARTER INSTITUTE 401K PROFIT SHARING PLAN

Name: PACIFIC CHARTER INSTITUTE - PACIFIC CHARTER INSTITUTE 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: PACIFIC CHARTER INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC CHARTER INSTITUTE 401K PROFIT SHARING PLAN, PACIFIC CHARTER INSTITUTE

PACIFIC CHARTER INSTITUTEEIN 16-1727094Plan #001PY 2024

2241 HARVARD STREET SUITE 310 - SACRAMENTO, CA 95815886-992-9033pacificcharters.orgLinkedIn201-500 employeeseducation management

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$10.2M

+20.0% from 2023

Total participants

360

+11.1% from 2023

Average account balance

$59,179

+19.3% from 2023

Annual return

13.53%

-5.83 pp from 2023

Benchmarks

See 951 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort951 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.18M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

172

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.

41.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 3 by compensation

Provider	Service type	Compensation
CAPITAL REGION FINANCIAL GROUP, LLC3 years Filed as: CAPITAL REGION FINANCIAL GROUP LLC Service code 27 · EIN 68-0456235	Advisory (Plan)	$43,230
THE STANDARD4 years Service code 13 · EIN 93-0242990	Contract Administrator	$13,908
ASSOCIATED PENSION CONSULTANTS3 years Service code 13 · EIN 94-2456320	Contract Administrator	$6,775

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$16K

$51 / participant

Recordkeeping$3K15.4%
Investment mgmt$14K84.6%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: METZ CPA, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,179

$91,695-35.5%

$67,575-12.4%

$77,736-23.9%

Participation rate

41.4%

76.0%-34.6pp

72.9%-31.5pp

70.6%-29.2pp

Annual return

13.53%

14.88%-1.4pp

3528.98%-3515.4pp

31.26%-17.7pp

Employer contribution / active EE

$742

$3,189-76.7%

$2,736-72.9%

$2,728-72.8%

Participant deferral / active EE

$3,770

$3,912-3.6%

$4,003-5.8%

$4,651-18.9%

Admin fee / account holder

$96

$245-61.0%

$3,993-97.6%

$433-78.0%

Provider

Service type

Compensation

CAPITAL REGION FINANCIAL GROUP, LLC3 years

Filed as: CAPITAL REGION FINANCIAL GROUP LLC

Service code 27 · EIN 68-0456235

Advisory (Plan)

$43,230

THE STANDARD4 years

Service code 13 · EIN 93-0242990

Contract Administrator

$13,908

ASSOCIATED PENSION CONSULTANTS3 years

Service code 13 · EIN 94-2456320

Contract Administrator

$6,775

PACIFIC CHARTER INSTITUTE 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC CHARTER INSTITUTE 401K PROFIT SHARING 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