Retirement plan

THE CENTER RETIREMENT PLAN

Name: THE CENTER FOR INDIVIDUAL & FAMILY SERVICES - THE CENTER RETIREMENT PLAN (2023) Form 5500
Creator: THE CENTER FOR INDIVIDUAL & FAMILY SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CENTER RETIREMENT PLAN, THE CENTER FOR INDIVIDUAL & FAMILY SERVICES

THE CENTER FOR INDIVIDUAL & FAMILY SERVICESEIN 34-1190641Plan #001PY 2023

741 SCHOLL ROAD - MANSFIELD, OH 44907419-756-1717LinkedIn501-1000 employeesmedical practice

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$6.4M

+14.2% from 2022

Total participants

447

-21.6% from 2022

Average account balance

$35,276

+29.8% from 2022

Annual return

18.09%

+34.77 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

149

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.

24.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$504K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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 3 by compensation

Provider	Service type	Compensation
CONSOLIDATED FINANCIAL MANAGEMENT9+ years Filed as: CONSOLIDATED FINANCIAL Service code 26 5850 CENTURE DR. STE A · DUBLIN, OH 43017	Advisory (Participants)	$18,394
JULY BUSINESS SERVICES3 years Filed as: JULY BUSINESS SERVICES, LLC Service code 15 · EIN 74-2715820	Recordkeeping	$6,300
LINCOLN NATIONAL CORPORATION4 years Service code 13 · EIN 35-1140070	Contract Administrator	$225

Plan features & details

Pension benefit codes2E2F2G2K2M2T3D

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$31K

$79 / participant

Recordkeeping$2250.7%
Investment mgmt$18K60.3%
Contract admin$6K20.6%
Other / not subdivided$6K18.4%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KLESHINSKI MORRISON & MORRIS KLESHI
Auditor EIN: 341568021
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,276

$47,180-25.2%

$149,723-76.4%

$74,473-52.6%

Participation rate

31.5%

63.4%-31.9pp

78.8%-47.3pp

70.7%-39.2pp

Annual return

18.09%

22.75%-4.7pp

134.50%-116.4pp

34.36%-16.3pp

Employer contribution / active EE

$476

$1,907-75.1%

$4,821-90.1%

$2,638-82.0%

Participant deferral / active EE

$843

$2,730-69.1%

$5,682-85.2%

$4,530-81.4%

Admin fee / account holder

$168

$343-51.1%

$13,215-98.7%

$347-51.7%

Provider

Service type

Compensation

CONSOLIDATED FINANCIAL MANAGEMENT9+ years

Filed as: CONSOLIDATED FINANCIAL

Service code 26

5850 CENTURE DR. STE A · DUBLIN, OH 43017

Advisory (Participants)

$18,394

JULY BUSINESS SERVICES3 years

Filed as: JULY BUSINESS SERVICES, LLC

Service code 15 · EIN 74-2715820

Recordkeeping

$6,300

LINCOLN NATIONAL CORPORATION4 years

Service code 13 · EIN 35-1140070

Contract Administrator

$225

THE CENTER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CENTER RETIREMENT 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