Retirement plan

CLARE MATRIX 403(B) PLAN

Name: CLARE MATRIX - CLARE MATRIX 403(B) PLAN (2023) Form 5500
Creator: CLARE MATRIX
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARE MATRIX 403(B) PLAN, CLARE MATRIX

CLARE MATRIXEIN 23-7076166Plan #001PY 2023

909 PICO BLVD. - SANTA MONICA, CA 90405310-314-6200clarematrix.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsLow returnsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

+24.1% from 2022

Total participants

176

+14.3% from 2022

Average account balance

$38,386

+15.2% from 2022

Annual return

11.24%

+25.26 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.21M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

53.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$421K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9949

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$5,821
AMERICAN UNITED LIFE INSURANCE CO5 years Service code 66	Insurance mortality and expense charg...	$5,677
TRUOG-RYDING COMPANY, INC.1 year Filed as: TRUOG-RYDING COMPANY INC Service code 13 · EIN 95-3497679 2659 TOWNSGATE ROAD · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$1,425
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: AMERICAN UNITED LIFE INSURANCE Service code 15 · EIN 35-0145825	Recordkeeping	$632
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INVESTMENT GROUP Service code 27 · EIN 42-1445429 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$6K

$39 / participant

Contract admin$6K100.0%

% of EOY assets

0.217%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,386

$58,264-34.1%

$86,612-55.7%

$71,457-46.3%

Participation rate

28.4%

65.0%-36.6pp

71.7%-43.3pp

67.9%-39.5pp

Annual return

11.24%

21.63%-10.4pp

591.07%-579.8pp

28.85%-17.6pp

Employer contribution / active EE

$1,085

$2,574-57.8%

$3,022-64.1%

$2,588-58.1%

Participant deferral / active EE

$1,857

$3,436-45.9%

$4,438-58.1%

$4,289-56.7%

Admin fee / account holder

$83

$1,057-92.1%

$5,614-98.5%

$1,587-94.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$5,821

AMERICAN UNITED LIFE INSURANCE CO5 years

Service code 66

Insurance mortality and expense charg...

$5,677

TRUOG-RYDING COMPANY, INC.1 year

Filed as: TRUOG-RYDING COMPANY INC

Service code 13 · EIN 95-3497679

2659 TOWNSGATE ROAD · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$1,425

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: AMERICAN UNITED LIFE INSURANCE

Service code 15 · EIN 35-0145825

Recordkeeping

$632

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INVESTMENT GROUP

Service code 27 · EIN 42-1445429

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

CLARE MATRIX 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARE MATRIX 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