Retirement plan

LAS CLINICAS DEL NORTE, INC. 403(B) PLAN

Name: LAS CLINICAS DEL NORTE - LAS CLINICAS DEL NORTE, INC. 403(B) PLAN (2019) Form 5500
Creator: LAS CLINICAS DEL NORTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAS CLINICAS DEL NORTE, INC. 403(B) PLAN, LAS CLINICAS DEL NORTE

LAS CLINICAS DEL NORTEEIN 85-0249591Plan #001PY 2019

P.O. BOX 237 - EL RITO, NM 87530575-581-4728lcdn.orgLinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.2M

+7.5% from 2018

Total participants

-5.7% from 2018

Average account balance

$64,700

+6.3% from 2018

Annual return

17.01%

+23.87 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.58M

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.

141.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$366K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8801

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 codes2E2F2G2J2L

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

1 tripped

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

$1.3M

$15491 / participant

Other / not subdivided$1M100.0%

% of EOY assets

20.950%

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

$64,700

$85,171-24.0%

$172,752-62.5%

$72,975-11.3%

Participation rate

96.4%

70.1%+26.4pp

82.6%+13.8pp

69.5%+26.9pp

Annual return

17.01%

27.32%-10.3pp

802.97%-786.0pp

81.01%-64.0pp

Employer contribution / active EE

$3,625

$3,324+9.1%

$5,144-29.5%

$2,440+48.6%

Participant deferral / active EE

$4,907

$3,260+50.5%

$5,198-5.6%

$3,608+36.0%

Admin fee / account holder

$13,555

$5,880+130.5%

$13,955-2.9%

$5,124+164.5%

LAS CLINICAS DEL NORTE, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAS CLINICAS DEL NORTE, INC. 403(B) 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