Retirement plan

STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM ERISA 403(B) PLAN

Name: STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM - STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM ERISA 403(B) PLAN (2018) Form 5500
Creator: STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM ERISA 403(B) PLAN, STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM

STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUMEIN 91-2158378Plan #001PY 2018

617 SOUTH OLIVE STREET, SUITE 1200 - LOS ANGELES, CA 90014310-728-6791

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$889K

+10.3% from 2017

Total participants

-11.1% from 2017

Average account balance

$111,109

+24.1% from 2017

Annual return

1.55%

-11.40 pp from 2017

Benchmarks

See 5,839 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort5,839 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.81M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+18.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26132

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 codes2E2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$64K

$9212 / participant

Other / not subdivided$64K100.0%

% of EOY assets

7.254%

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

$111,109

$69,518+59.8%

$59,883+85.5%

$135,382-17.9%

Participation rate

100.0%

77.8%+22.2pp

74.7%+25.3pp

82.6%+17.4pp

Annual return

1.55%

7.95%-6.4pp

3.46%-1.9pp

519.77%-518.2pp

Employer contribution / active EE

$8,163

$3,235+152.3%

$2,722+199.9%

$4,779+70.8%

Participant deferral / active EE

$10,527

$4,204+150.4%

$3,402+209.5%

$5,609+87.7%

Admin fee / account holder

$8,060

$5,734+40.6%

$3,591+124.5%

$10,829-25.6%

STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM ERISA 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATEWIDE CALIFORNIA ELECTRONIC LIBRARY CONSORTIUM ERISA 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