Retirement plan

PACIFIC CHARTER INSTITUTE 401(K) PROFIT SHARING PLAN

Name: PACIFIC CHARTER INSTITUTE - PACIFIC CHARTER INSTITUTE 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: PACIFIC CHARTER INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC CHARTER INSTITUTE 401(K) PROFIT SHARING PLAN, PACIFIC CHARTER INSTITUTE

PACIFIC CHARTER INSTITUTEEIN 16-1727094Plan #001PY 2019

1401 EL CAMINO AVENUE STE 510 - SACRAMENTO, CA 95815866-992-9033pacificcharters.orgLinkedIn201-500 employeeseducation management

Prospect flagsHigh cashLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3.6M

+36.8% from 2018

Total participants

252

-1.9% from 2018

Average account balance

$30,517

+43.7% from 2018

Annual return

20.43%

+26.98 pp from 2018

Benchmarks

See 1,482 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,482 peers

Snapshot2019

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 2 by compensation

Provider	Service type	Compensation
CAPITAL REGION FINANCIAL GROUP, LLC5+ years Filed as: CAPITAL REGION FINANCIAL GROUP Service code 26 · EIN 62-0456235 620 COOLIDGE DR., SUITE 180 · FOLSOM, CA 95630	Advisory (Participants)	$20,832
ASCENSUS LLC1 year Filed as: FUTUREPLAN Service code 13 · EIN 68-0348235 3000 LAVA RIDGE CT, SUITE 130 · ROSEVILLE, CA 95661	Contract Administrator	$7,549

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$29K

$123 / participant

Investment mgmt$29K100.0%

% of EOY assets

0.797%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: METZ & ASSOCIATES, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,517

$60,795-49.8%

$69,461-56.1%

$65,185-53.2%

Participation rate

42.5%

74.9%-32.4pp

74.6%-32.1pp

70.2%-27.7pp

Annual return

20.43%

17.46%+3.0pp

28.97%-8.5pp

29.38%-9.0pp

Employer contribution / active EE

$451

$2,452-81.6%

$2,779-83.8%

$2,177-79.3%

Participant deferral / active EE

$2,578

$3,162-18.5%

$3,536-27.1%

$3,514-26.6%

Admin fee / account holder

$243

$314-22.4%

$3,840-93.7%

$847-71.3%

Provider

Service type

Compensation

CAPITAL REGION FINANCIAL GROUP, LLC5+ years

Filed as: CAPITAL REGION FINANCIAL GROUP

Service code 26 · EIN 62-0456235

620 COOLIDGE DR., SUITE 180 · FOLSOM, CA 95630

Advisory (Participants)

$20,832

ASCENSUS LLC1 year

Filed as: FUTUREPLAN

Service code 13 · EIN 68-0348235

3000 LAVA RIDGE CT, SUITE 130 · ROSEVILLE, CA 95661

Contract Administrator

$7,549

PACIFIC CHARTER INSTITUTE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC CHARTER INSTITUTE 401(K) 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