Retirement plan

THE CENTERS FOR FAMILIES AND CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN

Name: THE CENTERS FOR FAMILIES AND CHILDREN - THE CENTERS FOR FAMILIES AND CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN (2023) Form 5500
Creator: THE CENTERS FOR FAMILIES AND CHILDREN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CENTERS FOR FAMILIES AND CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN, THE CENTERS FOR FAMILIES AND CHILDREN

THE CENTERS FOR FAMILIES AND CHILDRENEIN 23-7084455Plan #003PY 2023

4500 EUCLID AVE - CLEVELAND, OH 44103216-354-2513LinkedIn1-10 employees

Prospect flagsHigh retiree %

Top hat statement on fileNQDC

Filed October 14, 2022 (most recent of 4 filings on file)

Plan administrator

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4500 Euclid Ave

Cleveland, OH 44103

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Plans declared (1)

The Centers for Families and Children Deferred Compensation Plan51 emp

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Total assets (EOY)

$21.7M

+23.4% from 2022

Total participants

1,286

+16.2% from 2022

Average account balance

$18,636

+11.9% from 2022

Annual return

16.40%

+32.30 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.57M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

898

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.23M

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES2 years Filed as: ANCORA RETIREMENT PLAN ADVISORS INC Service code 27 6060 PARKLAND BLVD STE 200 · CLEVELAND, OH 441244226	Advisory (Plan)	$36,049
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$22,335
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$19,891
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,994

Plan features & details

Pension benefit codes2E2F2G2J2S3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$82K

$131 / participant

Recordkeeping$16K19.6%
Investment mgmt$66K80.4%

% of EOY assets

0.376%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,636

$47,180-60.5%

$149,723-87.6%

$74,473-75.0%

Participation rate

80.9%

63.4%+17.5pp

78.8%+2.2pp

70.7%+10.2pp

Annual return

16.40%

22.75%-6.4pp

134.50%-118.1pp

34.36%-18.0pp

Employer contribution / active EE

$2,077

$1,907+8.9%

$4,821-56.9%

$2,638-21.3%

Participant deferral / active EE

$2,536

$2,730-7.1%

$5,682-55.4%

$4,530-44.0%

Admin fee / account holder

$70

$343-79.6%

$13,215-99.5%

$347-79.8%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: ANCORA RETIREMENT PLAN ADVISORS INC

Service code 27

6060 PARKLAND BLVD STE 200 · CLEVELAND, OH 441244226

Advisory (Plan)

$36,049

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$22,335

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$19,891

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,994

THE CENTERS FOR FAMILIES AND CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CENTERS FOR FAMILIES AND CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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