Retirement plan

SCRANTON COUNSELING CENTER 401(K) PROFIT SHARING PLAN

Name: SCRANTON COUNSELING CENTER - SCRANTON COUNSELING CENTER 401(K) PROFIT SHARING PLAN (2023) 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 2023

329 CHERRY STREET - SCRANTON, PA 18505570-348-6100scrantonscc.orgLinkedIn201-500 employeesmental health care

Other plans on this EIN

1 filing

#002Retirement-$6.9M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.6M

+11.8% from 2022

Total participants

195

+16.1% from 2022

Average account balance

$23,745

-3.8% from 2022

Annual return

13.28%

+30.40 pp from 2022

Benchmarks

See 5,715 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
KRONICK KALADA BERDY & CO., P.C.2 years Filed as: KRONICK KALADA BERDY Service code 99 · EIN 11-1000111	Other Fees	$7,050
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Filed as: VOYA LIFE INSURANCE & ANNUITY CO. Service code 27 · EIN 71-0294708	Advisory (Plan)	$4,170
VALLEY FORGE INVESTMENT CONSULTANTS9+ years Filed as: VALLEY FORGE PENSION MANAGEMENT Service code 49 · EIN 23-2986500 130 S. MAIN STREET · MUNCY, PA 17876	Other Services	$4,106
MORNINGSTAR2 years Filed as: MORNINGSTAR- EIN #36-3297908 Service code 27	Advisory (Plan)	$2,085

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$13K

$98 / participant

Investment mgmt$10K81.2%
Contract admin$1K8.5%
Other / not subdivided$1K10.2%

% of EOY assets

0.277%

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: KRONICK, KALADA, BERDY & CO.
Auditor EIN: 232667890
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,745

$61,295-61.3%

$149,682-84.1%

$71,476-66.8%

Participation rate

98.4%

62.5%+35.9pp

78.8%+19.7pp

67.9%+30.5pp

Annual return

13.28%

35.86%-22.6pp

134.35%-121.1pp

28.85%-15.6pp

Employer contribution / active EE

$897

$2,380-62.3%

$4,818-81.4%

$2,589-65.4%

Participant deferral / active EE

$1,089

$2,918-62.7%

$5,681-80.8%

$4,290-74.6%

Admin fee / account holder

$66

$1,262-94.8%

$13,210-99.5%

$1,587-95.9%

Provider

Service type

Compensation

KRONICK KALADA BERDY & CO., P.C.2 years

Filed as: KRONICK KALADA BERDY

Service code 99 · EIN 11-1000111

Other Fees

$7,050

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Filed as: VOYA LIFE INSURANCE & ANNUITY CO.

Service code 27 · EIN 71-0294708

Advisory (Plan)

$4,170

VALLEY FORGE INVESTMENT CONSULTANTS9+ years

Filed as: VALLEY FORGE PENSION MANAGEMENT

Service code 49 · EIN 23-2986500

130 S. MAIN STREET · MUNCY, PA 17876

Other Services

$4,106

MORNINGSTAR2 years

Filed as: MORNINGSTAR- EIN #36-3297908

Service code 27

Advisory (Plan)

$2,085

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