Retirement plan

CORE COMMUNITY ORGANIZED RELIEF EFFORT 403(B) PLAN

Name: CORE COMMUNITY ORGANIZED RELIEF EFFORT - CORE COMMUNITY ORGANIZED RELIEF EFFORT 403(B) PLAN (2024) Form 5500
Creator: CORE COMMUNITY ORGANIZED RELIEF EFFORT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORE COMMUNITY ORGANIZED RELIEF EFFORT 403(B) PLAN, CORE COMMUNITY ORGANIZED RELIEF EFFORT

CORE COMMUNITY ORGANIZED RELIEF EFFORTEIN 27-1703237Plan #001PY 2024

910 N HILL ST - LOS ANGELES, CA 90012323-934-4400coreresponse.orgLinkedIn501-1000 employeesnon-profit organization management

Prospect flagsLow participationLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.7M

+34.3% from 2023

Total participants

682

+21.8% from 2023

Average account balance

$8,829

+25.5% from 2023

Annual return

13.74%

-21.15 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.66M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

415

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.

34.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$970K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL Service code 27 1300 THAMES STREET WHARF · BALTIMORE, MD 21231	Advisory (Plan)	$23,508
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$4,849

Plan features & details

Pension benefit codes2M3D2G2F2T

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts 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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$28K

$70 / participant

Investment mgmt$24K82.9%
Contract admin$5K17.1%

% of EOY assets

0.774%

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: FARBER HASS HURLEY
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,829

$65,946-86.6%

$81,783-89.2%

$77,671-88.6%

Participation rate

34.2%

65.8%-31.5pp

72.4%-38.1pp

70.6%-36.3pp

Annual return

13.74%

26.65%-12.9pp

775.05%-761.3pp

31.21%-17.5pp

Employer contribution / active EE

$951

$2,371-59.9%

$2,913-67.3%

$2,726-65.1%

Participant deferral / active EE

$1,439

$3,507-59.0%

$4,320-66.7%

$4,648-69.0%

Admin fee / account holder

$68

$527-87.0%

$7,380-99.1%

$430-84.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY GLOBAL

Service code 27

1300 THAMES STREET WHARF · BALTIMORE, MD 21231

Advisory (Plan)

$23,508

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$4,849

CORE COMMUNITY ORGANIZED RELIEF EFFORT 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORE COMMUNITY ORGANIZED RELIEF EFFORT 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