Retirement plan

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

Name: LAS CLINICAS DEL NORTE - LAS CLINICAS DEL NORTE, INC. 403(B) PLAN (2020) 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 2020

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)

$6.3M

+2.1% from 2019

Total participants

-3.0% from 2019

Average account balance

$71,243

+10.1% from 2019

Annual return

11.03%

-5.98 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

$17728 / participant

Other / not subdivided$1M100.0%

% of EOY assets

20.690%

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

$71,243

$91,179-21.9%

$178,499-60.1%

$79,852-10.8%

Participation rate

90.5%

69.2%+21.3pp

81.9%+8.6pp

69.6%+20.9pp

Annual return

11.03%

24.19%-13.2pp

151.10%-140.1pp

31.72%-20.7pp

Employer contribution / active EE

$4,213

$3,256+29.4%

$5,011-15.9%

$2,471+70.5%

Participant deferral / active EE

$5,577

$3,236+72.3%

$5,202+7.2%

$3,740+49.1%

Admin fee / account holder

$14,740

$6,749+118.4%

$13,986+5.4%

$5,306+177.8%

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