Retirement plan

COMMUNITY MEDICAL IMAGING 401(K) PROFIT SHARING PLAN

Name: CENTRAL VALLEY COMMUNITY MEDICAL IMAGING - COMMUNITY MEDICAL IMAGING 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CENTRAL VALLEY COMMUNITY MEDICAL IMAGING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY MEDICAL IMAGING 401(K) PROFIT SHARING PLAN, CENTRAL VALLEY COMMUNITY MEDICAL IMAGING

CENTRAL VALLEY COMMUNITY MEDICAL IMAGINGEIN 77-0078751Plan #002PY 2022

1867 E. FIR AVENUE, #104 - FRESNO, CA 93720559-325-5871

Other plans on this EIN

1 filing

#004Retirement-$16.6M assets

Prospect flagsHigh feesHigh cashHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$64.5M

-14.3% from 2021

Total participants

258

+2.8% from 2021

Average account balance

$256,104

-18.4% from 2021

Annual return

-16.44%

-30.20 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$77.49M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

268

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1193

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.8+ years Service code 51 · EIN 94-1737782	Investment Mgmt Fees	$157,015
WHELAN FINANCIAL6 years Service code 26 · EIN 26-0262268	Advisory (Participants)	$76,162
SPECTRUM PENSION CONSULTANTS, INC.5 years Filed as: SPECTRUM PENSION CONSULTANTS Service code 15 · EIN 91-1035498	Recordkeeping	$29,581

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$263K

$1444 / participant

Investment mgmt$30K11.3%
Contract admin$233K88.7%
Other / not subdivided$1350.1%

% of EOY assets

0.407%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HUDSON HENDERSON & COMPANY, INC.
Auditor EIN: 811741762
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$256,104

$65,061+293.6%

$143,757+78.1%

$66,914+282.7%

Participation rate

96.7%

65.2%+31.5pp

80.3%+16.4pp

69.8%+26.9pp

Annual return

-16.44%

-11.14%-5.3pp

-0.04%-16.4pp

1.58%-18.0pp

Employer contribution / active EE

$9,502

$2,361+302.5%

$4,951+91.9%

$2,544+273.5%

Participant deferral / active EE

$6,900

$2,919+136.4%

$5,637+22.4%

$4,237+62.9%

Admin fee / account holder

$1,043

$502+107.8%

$14,673-92.9%

$593+75.8%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.8+ years

Service code 51 · EIN 94-1737782

Investment Mgmt Fees

$157,015

WHELAN FINANCIAL6 years

Service code 26 · EIN 26-0262268

Advisory (Participants)

$76,162

SPECTRUM PENSION CONSULTANTS, INC.5 years

Filed as: SPECTRUM PENSION CONSULTANTS

Service code 15 · EIN 91-1035498

Recordkeeping

$29,581

COMMUNITY MEDICAL IMAGING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY MEDICAL IMAGING 401(K) PROFIT SHARING 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