Retirement plan

CHAI, INC. 401(K) PLAN

Name: CLINTON HEALTH ACCESS INITIATIVE, INC. - CHAI, INC. 401(K) PLAN (2016) Form 5500
Creator: CLINTON HEALTH ACCESS INITIATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHAI, INC. 401(K) PLAN, CLINTON HEALTH ACCESS INITIATIVE, INC.

CLINTON HEALTH ACCESS INITIATIVE, INC.EIN 27-1414646Plan #001PY 2016

383 DORCHESTER AVENUE - BOSTON, MA 02127857-401-9936clintonhealthaccess.orgLinkedIn1001-5000 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17M

+22.5% from 2015

Total participants

422

-2.1% from 2015

Average account balance

$43,463

+20.3% from 2015

Annual return

11.78%

+11.78 pp from 2015

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.35M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

409

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$289

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$40,393
MERIDIAN WEALTH MANAGEMENT LLC2+ years Filed as: MERIDIAN INVESTMENT ADVISORS Service code 28 · EIN 71-0496439	Investment Management	$27,469

Plan features & details

Pension benefit codes2F2G2J2K2R2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$68K

$264 / participant

Investment mgmt$27K40.5%
Other / not subdivided$40K59.5%

% of EOY assets

0.398%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,463

$39,859+9.0%

$78,676-44.8%

$57,658-24.6%

Participation rate

88.3%

66.1%+22.2pp

73.6%+14.8pp

70.2%+18.1pp

Annual return

11.78%

18.96%-7.2pp

62.19%-50.4pp

5.13%+6.6pp

Employer contribution / active EE

$3,786

$1,786+112.0%

$2,850+32.8%

$1,974+91.8%

Participant deferral / active EE

$6,144

$2,248+173.3%

$3,517+74.7%

$3,061+100.7%

Admin fee / account holder

$173

$76+127.2%

$4,510-96.2%

$95+83.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$40,393

MERIDIAN WEALTH MANAGEMENT LLC2+ years

Filed as: MERIDIAN INVESTMENT ADVISORS

Service code 28 · EIN 71-0496439

Investment Management

$27,469

CHAI, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHAI, INC. 401(K) 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