Retirement plan

CITY OF HOPE MEDICAL GROUP 401K RETIREMENT SAVINGS PLAN

Name: CITY OF HOPE MEDICAL GROUP, INC. - CITY OF HOPE MEDICAL GROUP 401K RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: CITY OF HOPE MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITY OF HOPE MEDICAL GROUP 401K RETIREMENT SAVINGS PLAN, CITY OF HOPE MEDICAL GROUP, INC.

CITY OF HOPE MEDICAL GROUP, INC.EIN 27-2294296Plan #001PY 2024

1500 EAST DUARTE ROAD - DUARTE, CA 91010626-775-3207

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$387.2M

+23.7% from 2023

Total participants

733

+11.6% from 2023

Average account balance

$545,351

+10.3% from 2023

Annual return

17.47%

-1.91 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$387.20M

Not enough data

1 years with asset history on file

Average account balance

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

$545K

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.

710

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$53K

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

+17.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
SAGE ADVISORY SERVICES2 years Filed as: SAGE ADVISORY GROUP Service code 28 · EIN 33-0818667	Investment Management	$117,411
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$87,368
CREATIVE PLANNING LLC3 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$22,692
RBC GLOBAL ASSET MANAGEMENT2 years Filed as: CITY NATIONAL BANK Service code 10 · EIN 95-1780067	Accounting	$14,800
CAMBRIDGE INVESTMENT RESEARCH2 years Service code 26 · EIN 39-1897480	Advisory (Participants)	$11,712
LARSON FINANCIAL GROUP LLC1 year Service code 26 · EIN 20-4773945	Advisory (Participants)	$5,378
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Direct pa...	$611
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC.AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$265K

$422 / participant

Recordkeeping$87K33.0%
Investment mgmt$162K61.4%
Other / not subdivided$15K5.6%

% of EOY assets

0.068%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MILLER , KAPLAN,ARASE & CO., LLP
Auditor EIN: 952036255
Audit fees: $14,800
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$545,351

$50,815+973.2%

$155,509+250.7%

$77,643+602.4%

Participation rate

96.3%

63.1%+33.2pp

78.2%+18.1pp

70.6%+25.8pp

Annual return

17.47%

34.80%-17.3pp

64.67%-47.2pp

31.24%-13.8pp

Employer contribution / active EE

$45,414

$1,993+2179.0%

$4,672+872.0%

$2,726+1566.1%

Participant deferral / active EE

$7,897

$2,822+179.8%

$5,626+40.4%

$4,647+69.9%

Admin fee / account holder

$373

$437-14.7%

$15,912-97.7%

$430-13.4%

Provider

Service type

Compensation

SAGE ADVISORY SERVICES2 years

Filed as: SAGE ADVISORY GROUP

Service code 28 · EIN 33-0818667

Investment Management

$117,411

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$87,368

CREATIVE PLANNING LLC3 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$22,692

RBC GLOBAL ASSET MANAGEMENT2 years

Filed as: CITY NATIONAL BANK

Service code 10 · EIN 95-1780067

Accounting

$14,800

CAMBRIDGE INVESTMENT RESEARCH2 years

Service code 26 · EIN 39-1897480

Advisory (Participants)

$11,712

LARSON FINANCIAL GROUP LLC1 year

Service code 26 · EIN 20-4773945

Advisory (Participants)

$5,378

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Direct pa...

$611

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.INC.AND AFFIL

Service code 59

Shareholder Servicing

CITY OF HOPE MEDICAL GROUP 401K RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITY OF HOPE MEDICAL GROUP 401K RETIREMENT SAVINGS 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