Retirement plan

EL CENTRO DE LA RAZA 401(K) PLAN

Name: EL CENTRO DE LA RAZA - EL CENTRO DE LA RAZA 401(K) PLAN (2024) Form 5500
Creator: EL CENTRO DE LA RAZA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EL CENTRO DE LA RAZA 401(K) PLAN, EL CENTRO DE LA RAZA

EL CENTRO DE LA RAZAEIN 91-0899927Plan #001PY 2024

2524 - 16TH AVE. S. - SEATTLE, WA 98144206-957-4634elcentrodelaraza.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.4M

+23.1% from 2023

Total participants

255

+18.6% from 2023

Average account balance

$21,446

+1.0% from 2023

Annual return

12.97%

-3.34 pp from 2023

Benchmarks

See 2,059 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,059 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.36M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

250

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$681K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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

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 codes3D2E2G2T2J

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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$10K

$65 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.185%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK NUBER PS
Auditor EIN: 911194016
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,446

$60,305-64.4%

$81,780-73.8%

$74,400-71.2%

Participation rate

96.7%

62.9%+33.8pp

72.4%+24.3pp

67.2%+29.5pp

Annual return

12.97%

16.89%-3.9pp

776.27%-763.3pp

1367.51%-1354.5pp

Employer contribution / active EE

$2,975

$2,623+13.4%

$2,914+2.1%

$2,624+13.4%

Participant deferral / active EE

$1,505

$3,390-55.6%

$4,321-65.2%

$4,348-65.4%

Admin fee / account holder

$40

$1,484-97.3%

$7,384-99.5%

$1,944-98.0%

EL CENTRO DE LA RAZA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EL CENTRO DE LA RAZA 401(K) 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