Retirement plan

COMMUNITY ACTION FOR HUMAN SERVICES, INC PROFIT SHARING PLAN

Name: COMMUNITY ACTION FOR HUMAN SERVICES, INC - COMMUNITY ACTION FOR HUMAN SERVICES, INC PROFIT SHARING PLAN (2022) Form 5500
Creator: COMMUNITY ACTION FOR HUMAN SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY ACTION FOR HUMAN SERVICES, INC PROFIT SHARING PLAN, COMMUNITY ACTION FOR HUMAN SERVICES, INC

COMMUNITY ACTION FOR HUMAN SERVICES, INCEIN 22-2317376Plan #001PY 2022

2225 LODOVICK AVENUE - BRONX, NY 10469718-655-7700cahsinc.orgLinkedIn51-200 employeesmedical practice

Prospect flagsLow assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$972K

-19.3% from 2021

Total participants

170

-3.4% from 2021

Average account balance

$6,152

-14.1% from 2021

Annual return

-15.42%

-26.31 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$963K

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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 1 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$10,065

Plan features & details

Pension benefit codes2A2E2F2G3D2T

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.
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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$14K

$222 / participant

Investment mgmt$3K25.6%
Contract admin$10K74.4%

% of EOY assets

1.392%

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: WILKIN & GUTTENPLAN, P.C.
Auditor EIN: 222612018
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,152

$73,839-91.7%

$143,788-95.7%

$68,495-91.0%

Participation rate

80.3%

66.7%+13.7pp

80.3%0pp

67.9%+12.4pp

Annual return

-15.42%

1.01%-16.4pp

-0.03%-15.4pp

-7.84%-7.6pp

Employer contribution / active EE

$3,184-100.0%

$4,952-100.0%

$2,596-100.0%

Participant deferral / active EE

$3,384-100.0%

$5,638-100.0%

$4,028-100.0%

Admin fee / account holder

$86

$5,755-98.5%

$14,675-99.4%

$5,403-98.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$10,065

COMMUNITY ACTION FOR HUMAN SERVICES, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY ACTION FOR HUMAN SERVICES, INC 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