Retirement plan

RAVENSWOOD FAMILY HEALTH CENTER 403(B) PLAN

Name: SOUTH COUNTY COMMUNITY HEALTH CENTER, INC. DBA - RAVENSWOOD FAMILY HEALTH CENTER 403(B) PLAN (2023) Form 5500
Creator: SOUTH COUNTY COMMUNITY HEALTH CENTER, INC. DBA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAVENSWOOD FAMILY HEALTH CENTER 403(B) PLAN, SOUTH COUNTY COMMUNITY HEALTH CENTER, INC. DBA

SOUTH COUNTY COMMUNITY HEALTH CENTER, INC. DBAdba RAVENSWOOD FAMILY HEALTH CENTEREIN 94-3372130Plan #002PY 2023

1885 BAY ROAD - EAST PALO ALTO, CA 94303650-330-7411

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$17.9M

+22.7% from 2022

Total participants

380

-2.3% from 2022

Average account balance

$88,074

+27.5% from 2022

Annual return

18.83%

+33.92 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.28M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

220

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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 2 by compensation

Provider	Service type	Compensation
WESPAC PLAN SERVICES, LLC1 year Service code 13 · EIN 26-2824865 4 ORINDA WAY, SUITE 100-B · ORINDA, CA 94563	Contract Administrator	$9,361
WESPAC PLAN SERVICES, LLC5 years Filed as: WESPAC ADVISORS, LLC Service code 26 · EIN 26-2824668 4 ORINDA WAY, SUITE 100-B · ORINDA, CA 94563	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2J2K2L2R2T3D

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$9K

$28 / participant

Other trustee fees$9109.7%
Other / not subdivided$8K90.3%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HARSHWAL % COMPANY, LLP
Auditor EIN: 270741376
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,074

$47,163+86.7%

$149,696-41.2%

$74,460+18.3%

Participation rate

46.2%

63.4%-17.2pp

78.8%-32.6pp

70.7%-24.5pp

Annual return

18.83%

22.75%-3.9pp

134.46%-115.6pp

34.38%-15.5pp

Employer contribution / active EE

$1,934

$1,907+1.4%

$4,821-59.9%

$2,638-26.7%

Participant deferral / active EE

$3,595

$2,730+31.7%

$5,682-36.7%

$4,530-20.6%

Admin fee / account holder

$46

$343-86.6%

$13,212-99.7%

$348-86.7%

Provider

Service type

Compensation

WESPAC PLAN SERVICES, LLC1 year

Service code 13 · EIN 26-2824865

4 ORINDA WAY, SUITE 100-B · ORINDA, CA 94563

Contract Administrator

$9,361

WESPAC PLAN SERVICES, LLC5 years

Filed as: WESPAC ADVISORS, LLC

Service code 26 · EIN 26-2824668

4 ORINDA WAY, SUITE 100-B · ORINDA, CA 94563

Advisory (Participants)

RAVENSWOOD FAMILY HEALTH CENTER 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAVENSWOOD FAMILY HEALTH CENTER 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