Retirement plan

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

Name: LAS CLINICAS DEL NORTE - LAS CLINICAS DEL NORTE, INC. 403(B) PLAN (2023) 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 2023

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

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$6M

+14.3% from 2022

Total participants

120

+69.0% from 2022

Average account balance

$57,011

-29.9% from 2022

Annual return

19.72%

+35.67 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$944K

$12758 / participant

Other / not subdivided$944K100.0%

% of EOY assets

15.622%

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

$57,011

$77,901-26.8%

$149,717-61.9%

$75,181-24.2%

Participation rate

81.1%

65.6%+15.5pp

78.8%+2.3pp

67.2%+13.9pp

Annual return

19.72%

31.73%-12.0pp

134.41%-114.7pp

160.69%-141.0pp

Employer contribution / active EE

$3,370

$3,137+7.4%

$4,820-30.1%

$2,671+26.2%

Participant deferral / active EE

$5,099

$3,411+49.5%

$5,682-10.3%

$4,126+23.6%

Admin fee / account holder

$8,906

$5,949+49.7%

$13,213-32.6%

$5,650+57.6%

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