Retirement plan

CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC. - CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN, CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC.

CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC.EIN 94-2613220Plan #002PY 2020

2625 E. DIVISADERO ST. - FRESNO, CA 93721559-453-5200LinkedIn11-50 employeeshospital & health care

Prospect flagsLow returnsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$130.7M

+3.3% from 2019

Total participants

816

-4.9% from 2019

Average account balance

$163,161

+9.8% from 2019

Annual return

1.81%

-5.02 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$201.82M

Not enough data

1 years with asset history on file

Average account balance

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

$197K

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.

1,023

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$377

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 6 by compensation

Provider	Service type	Compensation
SPECTRUM PENSION CONSULTANTS, INC.1 year Filed as: SPECTRUM PENSION CONSULTANTS Service code 13 6402 19TH STREET WEST · TACOMA, WA 98466	Contract Administrator	$50,053
KESTRA INVESTMENT SERVICES LLC4 years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 27 5707 SOUTHWEST PARKWAY, BUILDING 2, · AUSTIN, TX 78735	Advisory (Plan)	$9,774
CARLSON QUINN1 year Service code 27 2000 POWELL STREET · EMERYVILLE, CA 94608	Advisory (Plan)	$9,317
FIRST MERCANTILE TRUST COMPANY5+ years Service code 15 51 GERMANTOWN COURT, SUITE 203 · CORDOVA, TN 38018	Recordkeeping	$8,455
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW ADVISORY GROUP Service code 27 4000 MACARTHUR BLVD · NEWPORT BEACH, CA 92660	Advisory (Plan)	$0
TRI-AD ACTUARIES, INC.1 year Filed as: TRI QUEST INVESTMENT ADVISORS Service code 27 7946 N. MAPLE AVENUE · FRESNO, CA 93720	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$147K

$268 / participant

Investment mgmt$65K44.1%
Contract admin$68K46.0%
Other / not subdivided$15K9.9%

% of EOY assets

0.113%

all-in expense ratio

Categories reported

2 / 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: BEAN HUNT HARRIS & CO
Auditor EIN: 263649864
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,161

$52,293+212.0%

$178,503-8.6%

$73,412+122.3%

Participation rate

97.3%

65.3%+31.9pp

81.9%+15.3pp

72.2%+25.1pp

Annual return

1.81%

34.75%-32.9pp

151.12%-149.3pp

59.30%-57.5pp

Employer contribution / active EE

$11,429

$1,736+558.3%

$5,011+128.1%

$2,234+411.7%

Participant deferral / active EE

$8,053

$2,333+245.1%

$5,202+54.8%

$3,806+111.6%

Admin fee / account holder

$184

$127+44.5%

$13,987-98.7%

$158+16.5%

Provider

Service type

Compensation

SPECTRUM PENSION CONSULTANTS, INC.1 year

Filed as: SPECTRUM PENSION CONSULTANTS

Service code 13

6402 19TH STREET WEST · TACOMA, WA 98466

Contract Administrator

$50,053

KESTRA INVESTMENT SERVICES LLC4 years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 27

5707 SOUTHWEST PARKWAY, BUILDING 2, · AUSTIN, TX 78735

Advisory (Plan)

$9,774

CARLSON QUINN1 year

Service code 27

2000 POWELL STREET · EMERYVILLE, CA 94608

Advisory (Plan)

$9,317

FIRST MERCANTILE TRUST COMPANY5+ years

Service code 15

51 GERMANTOWN COURT, SUITE 203 · CORDOVA, TN 38018

Recordkeeping

$8,455

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW ADVISORY GROUP

Service code 27

4000 MACARTHUR BLVD · NEWPORT BEACH, CA 92660

Advisory (Plan)

TRI-AD ACTUARIES, INC.1 year

Filed as: TRI QUEST INVESTMENT ADVISORS

Service code 27

7946 N. MAPLE AVENUE · FRESNO, CA 93720

Advisory (Plan)

CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL CALIFORNIA FACULTY MEDICAL GROUP, INC. 401(K) PROFIT SHARING 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