Retirement plan

CHILD GUIDANCE & FAMILY SOLUTIONS 401(K) RETIREMENT SAVINGS PLAN

Name: CHILD GUIDANCE & FAMILY SOLUTIONS - CHILD GUIDANCE & FAMILY SOLUTIONS 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: CHILD GUIDANCE & FAMILY SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILD GUIDANCE & FAMILY SOLUTIONS 401(K) RETIREMENT SAVINGS PLAN, CHILD GUIDANCE & FAMILY SOLUTIONS

CHILD GUIDANCE & FAMILY SOLUTIONSEIN 34-0726083Plan #003PY 2021

18 N. FORGE ST. - AKRON, OH 44304330-762-0591cgfs.orgLinkedIn51-200 employeesmental health care

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$10.3M

+14.2% from 2020

Total participants

228

+0.9% from 2020

Average account balance

$50,941

+12.5% from 2020

Annual return

14.44%

-1.07 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.99M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

206

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$487K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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 4 by compensation

Provider	Service type	Compensation
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTONLARSONALLEN Service code 99 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523	Other Fees	$7,700
DEFINITI LLC1 year Service code 13 2201 TIMBERLOCH L STE 150 · THE WOODLANDS, TX 77380	Contract Administrator	$2,026
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$837
BREWSTER & BREWSTER, INC.5 years Service code 13 370 BLACKBROOK RD. · PAINESVILLE, OH 44077	Contract Administrator	$375

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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).
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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$24 / participant

Contract admin$3K100.0%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,941

$63,768-20.1%

$98,506-48.3%

$79,389-35.8%

Participation rate

80.0%

69.9%+10.1pp

73.3%+6.7pp

70.7%+9.3pp

Annual return

14.44%

626.18%-611.7pp

1494.92%-1480.5pp

116.89%-102.5pp

Employer contribution / active EE

$397

$2,558-84.5%

$2,961-86.6%

$2,428-83.7%

Participant deferral / active EE

$3,390

$3,305+2.6%

$4,277-20.7%

$4,046-16.2%

Admin fee / account holder

$16

$516-96.9%

$5,955-99.7%

$626-97.5%

Provider

Service type

Compensation

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTONLARSONALLEN

Service code 99

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523

Other Fees

$7,700

DEFINITI LLC1 year

Service code 13

2201 TIMBERLOCH L STE 150 · THE WOODLANDS, TX 77380

Contract Administrator

$2,026

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$837

BREWSTER & BREWSTER, INC.5 years

Service code 13

370 BLACKBROOK RD. · PAINESVILLE, OH 44077

Contract Administrator

$375

CHILD GUIDANCE & FAMILY SOLUTIONS 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILD GUIDANCE & FAMILY SOLUTIONS 401(K) 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