Retirement plan

403(B) THRIFT PLAN FOR CALIFORNIA ASSOCIATION OF FOOD BANKS

Name: CALIFORNIA ASSOCIATION OF FOOD BANKS - 403(B) THRIFT PLAN FOR CALIFORNIA ASSOCIATION OF FOOD BANKS (2022) Form 5500
Creator: CALIFORNIA ASSOCIATION OF FOOD BANKS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN FOR CALIFORNIA ASSOCIATION OF FOOD BANKS, CALIFORNIA ASSOCIATION OF FOOD BANKS

CALIFORNIA ASSOCIATION OF FOOD BANKSEIN 68-0392816Plan #002PY 2022

1624 FRANKLIN STREET, SUITE 722 - OAKLAND, CA 94612510-272-4435cafoodbanks.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.6M

-16.1% from 2021

Total participants

+8.0% from 2021

Average account balance

$59,448

-4.4% from 2021

Annual return

-18.57%

-34.34 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.16M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

172.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$541K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4110

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 codes2F2G2T3D2E2J

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.
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.
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

$271K

$7531 / participant

Other / not subdivided$271K100.0%

% of EOY assets

10.606%

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

$59,448

$73,863-19.5%

$143,797-58.7%

$68,490-13.2%

Participation rate

69.4%

66.7%+2.8pp

80.3%-10.9pp

67.9%+1.5pp

Annual return

-18.57%

0.91%-19.5pp

-0.04%-18.5pp

-7.85%-10.7pp

Employer contribution / active EE

$4,508

$3,185+41.6%

$4,952-9.0%

$2,597+73.6%

Participant deferral / active EE

$4,671

$3,385+38.0%

$5,638-17.2%

$4,028+16.0%

Admin fee / account holder

$6,305

$5,756+9.5%

$14,679-57.0%

$5,403+16.7%

403(B) THRIFT PLAN FOR CALIFORNIA ASSOCIATION OF FOOD BANKS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN FOR CALIFORNIA ASSOCIATION OF FOOD BANKS

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