Retirement plan

CORE COMMUNITY ORGANIZED RELIEF EFFORT

Name: CORE COMMUNITY ORGANIZED RELIEF EFFORT - CORE COMMUNITY ORGANIZED RELIEF EFFORT (2023) 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, CORE COMMUNITY ORGANIZED RELIEF EFFORT

CORE COMMUNITY ORGANIZED RELIEF EFFORTEIN 27-1703237Plan #001PY 2023

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)

$2.7M

+155.9% from 2022

Total participants

560

+69.2% from 2022

Average account balance

$7,034

-20.9% from 2022

Annual return

34.89%

+54.08 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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
NEWPORT GROUP, INC.1 year Service code 50 · EIN 27-2037969	Direct Payment	$20,798
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL Service code 27 1300 THAMES STREET WHARF · BALTIMORE, MD 21231	Advisory (Plan)	$18,683

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

$39K

$103 / participant

Investment mgmt$19K47.3%
Contract admin$21K52.7%

% of EOY assets

1.447%

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 LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,034

$52,188-86.5%

$86,656-91.9%

$74,473-90.6%

Participation rate

55.2%

66.3%-11.1pp

71.7%-16.5pp

70.7%-15.5pp

Annual return

34.89%

44.46%-9.6pp

593.09%-558.2pp

34.36%+0.5pp

Employer contribution / active EE

$1,995

$2,282-12.6%

$3,025-34.1%

$2,638-24.4%

Participant deferral / active EE

$1,768

$3,383-47.7%

$4,439-60.2%

$4,530-61.0%

Admin fee / account holder

$102

$319-68.1%

$5,619-98.2%

$347-70.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 50 · EIN 27-2037969

Direct Payment

$20,798

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL

Service code 27

1300 THAMES STREET WHARF · BALTIMORE, MD 21231

Advisory (Plan)

$18,683

CORE COMMUNITY ORGANIZED RELIEF EFFORT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORE COMMUNITY ORGANIZED RELIEF EFFORT

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