Retirement plan

COMMUNITY SOLUTIONS 403(B) PLAN

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

COMMUNITY SOLUTIONSEIN 23-7351215Plan #001PY 2023

9015 MURRAY AVENUE STE 100 - GILROY, CA 950203617408-776-6236

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10.5M

+18.4% from 2022

Total participants

417

-1.2% from 2022

Average account balance

$48,944

+14.0% from 2022

Annual return

19.75%

+34.88 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.02M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

232

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.

44.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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
NEXUS ADMINISTRATORS, INC.3 years Filed as: NEXUS ADMINISTRATORS INC Service code 13 · EIN 77-0586222 735 W ALLUVIAL AVENUE SUITE 101 · FRESNO, CA 93711	Contract Administrator	$18,771
ADVANCED RETIREMENT SOLUTIONS3 years Service code 27 1122 MERIDIAN AVE · SAN JOSE, CA 95125	Advisory (Plan)	$12,393
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,235

Plan features & details

Pension benefit codes2F2G2K2L2T3D

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$73 / participant

Contract admin$26K100.0%

% of EOY assets

0.247%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NICHOLS, RICK AND COMPANY CPA'S
Auditor EIN: 770454740
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,944

$47,135+3.8%

$149,717-67.3%

$74,440-34.3%

Participation rate

43.6%

63.4%-19.8pp

78.8%-35.2pp

70.7%-27.2pp

Annual return

19.75%

22.75%-3.0pp

134.41%-114.7pp

34.37%-14.6pp

Employer contribution / active EE

$1,420

$1,906-25.5%

$4,820-70.5%

$2,638-46.2%

Participant deferral / active EE

$2,703

$2,728-0.9%

$5,682-52.4%

$4,529-40.3%

Admin fee / account holder

$121

$343-64.7%

$13,213-99.1%

$348-65.2%

Provider

Service type

Compensation

NEXUS ADMINISTRATORS, INC.3 years

Filed as: NEXUS ADMINISTRATORS INC

Service code 13 · EIN 77-0586222

735 W ALLUVIAL AVENUE SUITE 101 · FRESNO, CA 93711

Contract Administrator

$18,771

ADVANCED RETIREMENT SOLUTIONS3 years

Service code 27

1122 MERIDIAN AVE · SAN JOSE, CA 95125

Advisory (Plan)

$12,393

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,235

COMMUNITY SOLUTIONS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY SOLUTIONS 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