Retirement plan

EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC.

Name: THE CENTER FOR LIFE ENRICHMENT, INC. - EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC. (2021) Form 5500
Creator: THE CENTER FOR LIFE ENRICHMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC., THE CENTER FOR LIFE ENRICHMENT, INC.

THE CENTER FOR LIFE ENRICHMENT, INC.EIN 52-0799313Plan #003PY 2021

PO BOX 610 - HOLLYWOOD, MD 206360610301-373-8100tcle.orgLinkedIn1-10 employeesmental health care

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+9.8% from 2020

Total participants

132

-7.0% from 2020

Average account balance

$17,759

+17.2% from 2020

Annual return

9.99%

-1.08 pp from 2020

Benchmarks

See 18,803 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,803 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.45M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

102

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.

37.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$140K

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

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Account maintenance fees; Participant...	$1,827

Plan features & details

Pension benefit codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2K

$21 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MULLEN, SONDBERG,WINBISH & STONE PA
Auditor EIN: 521197902
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,759

$95,415-81.4%

$185,851-90.4%

$85,851-79.3%

Participation rate

81.9%

68.8%+13.2pp

81.7%+0.2pp

69.3%+12.6pp

Annual return

9.99%

23.59%-13.6pp

122.11%-112.1pp

318.63%-308.6pp

Employer contribution / active EE

$511

$3,314-84.6%

$5,168-90.1%

$2,565-80.1%

Participant deferral / active EE

$1,234

$3,424-64.0%

$5,569-77.8%

$3,952-68.8%

Admin fee / account holder

$13

$7,215-99.8%

$16,245-99.9%

$6,261-99.8%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Account maintenance fees; Participant...

$1,827

EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF THE CENTER FOR LIFE ENRICHMENT, 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