Retirement plan

SCRANTON COUNSELING CENTER 401(K) PROFIT SHARING PLAN

Name: SCRANTON COUNSELING CENTER - SCRANTON COUNSELING CENTER 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SCRANTON COUNSELING CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCRANTON COUNSELING CENTER 401(K) PROFIT SHARING PLAN, SCRANTON COUNSELING CENTER

SCRANTON COUNSELING CENTEREIN 24-0795620Plan #003PY 2021

326 ADAMS AVENUE - SCRANTON, PA 185031604570-348-6100scrantonscc.orgLinkedIn201-500 employeesmental health care

Other plans on this EIN

1 filing

#002Retirement-$7.3M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.9M

-1.4% from 2020

Total participants

191

+2.1% from 2020

Average account balance

$25,683

-3.5% from 2020

Annual return

7.02%

-3.89 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.58M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

188

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+5.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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
VALLEY FORGE INVESTMENT CONSULTANTS7+ years Filed as: VALLEY FORGE PENSION MANAGEMENT Service code 99 · EIN 23-2986500	Other Fees	$17,100
VOYA RETIREMENT INSURANCE & ANNUITY7+ years Filed as: VOYA LIFE INSURANCE & ANNUITY CO. Service code 27 · EIN 71-0294708	Advisory (Plan)	$2,435
LIFE INSURANCE AND ANNUITY CO.1 year Filed as: YA LIFE INSURANCE & ANNUITY CO. Service code 49	Other Services	$2,400

Plan features & details

Pension benefit codes2E2F2G2J3D3H2T

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.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$158 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.378%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRONICK, KALADA, BERDY & CO.
Auditor EIN: 232667890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,683

$61,172-58.0%

$185,851-86.2%

$79,389-67.6%

Participation rate

99.1%

66.6%+32.5pp

81.7%+17.4pp

70.7%+28.4pp

Annual return

7.02%

19.45%-12.4pp

122.11%-115.1pp

116.89%-109.9pp

Employer contribution / active EE

$908

$2,321-60.9%

$5,168-82.4%

$2,428-62.6%

Participant deferral / active EE

$949

$2,788-66.0%

$5,569-83.0%

$4,046-76.5%

Admin fee / account holder

$97

$710-86.3%

$16,245-99.4%

$626-84.5%

Provider

Service type

Compensation

VALLEY FORGE INVESTMENT CONSULTANTS7+ years

Filed as: VALLEY FORGE PENSION MANAGEMENT

Service code 99 · EIN 23-2986500

Other Fees

$17,100

VOYA RETIREMENT INSURANCE & ANNUITY7+ years

Filed as: VOYA LIFE INSURANCE & ANNUITY CO.

Service code 27 · EIN 71-0294708

Advisory (Plan)

$2,435

LIFE INSURANCE AND ANNUITY CO.1 year

Filed as: YA LIFE INSURANCE & ANNUITY CO.

Service code 49

Other Services

$2,400

SCRANTON COUNSELING CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCRANTON COUNSELING CENTER 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