Retirement plan

CALIFORNIA ALUMNI ASSOCIATION 403(B) PLAN

Name: CALIFORNIA ALUMNI ASSOCIATION - CALIFORNIA ALUMNI ASSOCIATION 403(B) PLAN (2022) Form 5500
Creator: CALIFORNIA ALUMNI ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALIFORNIA ALUMNI ASSOCIATION 403(B) PLAN, CALIFORNIA ALUMNI ASSOCIATION

CALIFORNIA ALUMNI ASSOCIATIONEIN 94-1007751Plan #002PY 2022

1 ALUMNI HOUSE - BERKELEY, CA 94720510-900-8185LinkedIn201-500 employeescivic & social organization

Other plans on this EIN

1 filing

#001Retirement-$3.8M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

-14.6% from 2021

Total participants

-8.0% from 2021

Average account balance

$49,630

-5.7% from 2021

Annual return

-14.06%

-29.00 pp from 2021

Benchmarks

See 9,364 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,364 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

127.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$550K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18309

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 codes2E2F2G2M2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$696K

$12008 / participant

Other / not subdivided$696K100.0%

% of EOY assets

18.465%

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

$49,630

$54,357-8.7%

$82,706-40.0%

$68,495-27.5%

Participation rate

93.1%

63.9%+29.2pp

72.6%+20.5pp

67.9%+25.2pp

Annual return

-14.06%

-13.67%-0.4pp

701.76%-715.8pp

-7.84%-6.2pp

Employer contribution / active EE

$2,641

$2,218+19.1%

$3,007-12.2%

$2,596+1.7%

Participant deferral / active EE

$8,712

$3,246+168.3%

$4,394+98.3%

$4,028+116.3%

Admin fee / account holder

$9,164

$4,396+108.5%

$5,329+72.0%

$5,403+69.6%

CALIFORNIA ALUMNI ASSOCIATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA ALUMNI ASSOCIATION 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