Retirement plan

CENTER OF BALANCE, INC. SALARY DEFFERAL PLAN

Name: CENTER OF BALANCE, INC. - CENTER OF BALANCE, INC. SALARY DEFFERAL PLAN (2020) Form 5500
Creator: CENTER OF BALANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER OF BALANCE, INC. SALARY DEFFERAL PLAN, CENTER OF BALANCE, INC.

CENTER OF BALANCE, INC.EIN 74-3074989Plan #001PY 2020

606 KELMORE STREET - MOSS BEACH, CA 94038650-728-7272centerofbalance.comLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$682K

+12.1% from 2019

Total participants

-14.3% from 2019

Average account balance

$170,462

+12.1% from 2019

Annual return

12.68%

-14.27 pp from 2019

Benchmarks

See 36,228 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

69.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 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.)
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

$80K

$7260 / participant

Other / not subdivided$80K100.0%

% of EOY assets

11.712%

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

$170,462

$100,895+68.9%

$90,430+88.5%

$158,950+7.2%

Participation rate

27.3%

75.0%-47.8pp

72.7%-45.4pp

82.0%-54.7pp

Annual return

12.68%

1725.54%-1712.9pp

1293.73%-1281.0pp

302.91%-290.2pp

Employer contribution / active EE

$434

$3,689-88.2%

$3,262-86.7%

$4,762-90.9%

Participant deferral / active EE

$6,500

$4,347+49.5%

$3,963+64.0%

$5,983+8.6%

Admin fee / account holder

$19,964

$6,505+206.9%

$5,613+255.7%

$11,248+77.5%

CENTER OF BALANCE, INC. SALARY DEFFERAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER OF BALANCE, INC. SALARY DEFFERAL 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