Retirement plan

WESTCOAST CHILDREN'S CLINIC, INC. 403(B) PLAN

Name: WESTCOAST CHILDREN'S CLINIC, INC. - WESTCOAST CHILDREN'S CLINIC, INC. 403(B) PLAN (2020) Form 5500
Creator: WESTCOAST CHILDREN'S CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTCOAST CHILDREN'S CLINIC, INC. 403(B) PLAN, WESTCOAST CHILDREN'S CLINIC, INC.

WESTCOAST CHILDREN'S CLINIC, INC.EIN 94-2553319Plan #002PY 2020

3301 E. 12TH STREET, SUITE 259 - OAKLAND, CA 94601510-269-9030westcoastcc.orgLinkedIn51-200 employeesmental health care

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.8M

+11.9% from 2019

Total participants

283

+12.3% from 2019

Average account balance

$46,337

+2.4% from 2019

Annual return

2.87%

-3.55 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.21M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

311

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.

87.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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

Top 1 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP5+ years Service code 12 · EIN 93-1253576	Direct payment from the plan; Claims ...	$12,336

Plan features & details

Pension benefit codes2G2L2M2T2S3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$3K

$13 / participant

Contract admin$3K100.0%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ARMANINO, LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,337

$58,895-21.3%

$178,503-74.0%

$73,497-37.0%

Participation rate

65.9%

66.2%-0.4pp

81.9%-16.1pp

70.7%-4.8pp

Annual return

2.87%

24.86%-22.0pp

151.12%-148.2pp

28.51%-25.6pp

Employer contribution / active EE

$2,548

$2,236+14.0%

$5,011-49.1%

$2,270+12.3%

Participant deferral / active EE

$2,306

$2,567-10.2%

$5,202-55.7%

$3,740-38.3%

Admin fee / account holder

$13

$400-96.9%

$13,987-99.9%

$513-97.6%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP5+ years

Service code 12 · EIN 93-1253576

Direct payment from the plan; Claims ...

$12,336

WESTCOAST CHILDREN'S CLINIC, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTCOAST CHILDREN'S CLINIC, 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