Retirement plan

403(B) THRIFT PLAN OF PALOMAR FAMILY COUNSELING SERVICE, INC.

Name: PALOMAR FAMILY COUNSELING SERVICE, INC. - 403(B) THRIFT PLAN OF PALOMAR FAMILY COUNSELING SERVICE, INC. (2024) Form 5500
Creator: PALOMAR FAMILY COUNSELING SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF PALOMAR FAMILY COUNSELING SERVICE, INC., PALOMAR FAMILY COUNSELING SERVICE, INC.

PALOMAR FAMILY COUNSELING SERVICE, INC.EIN 33-0629248Plan #001PY 2024

1002 E GRAND AVE - ESCONDIDO, CA 920254605760-741-2660palomarfamilycounseling.comLinkedIn51-200 employeesmental health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+17.5% from 2023

Total participants

+9.1% from 2023

Average account balance

$130,240

+17.5% from 2023

Annual return

11.48%

-0.07 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.87M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

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.

129.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$207K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2723

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G3D2J

Plan features

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$60K

$3524 / participant

Other / not subdivided$60K100.0%

% of EOY assets

2.091%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,240

$183,516-29.0%

$155,534-16.3%

$145,884-10.7%

Participation rate

88.2%

82.7%+5.5pp

78.2%+10.0pp

80.3%+7.9pp

Annual return

11.48%

61.43%-49.9pp

64.92%-53.4pp

551.85%-540.4pp

Employer contribution / active EE

$3,701

$5,315-30.4%

$4,675-20.8%

$4,662-20.6%

Participant deferral / active EE

$8,477

$6,467+31.1%

$5,630+50.6%

$6,690+26.7%

Admin fee / account holder

$2,723

$19,293-85.9%

$15,900-82.9%

$13,392-79.7%

403(B) THRIFT PLAN OF PALOMAR FAMILY COUNSELING SERVICE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF PALOMAR FAMILY COUNSELING SERVICE, INC.

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