Retirement plan

HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC 403B PLAN

Name: HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC - HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC 403B PLAN (2020) Form 5500
Creator: HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC 403B PLAN, HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC

HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINICEIN 95-1643391Plan #001PY 2020

3628 STOCKDALE HWY - BAKERSFIELD, CA 933092153661-322-1021hwmcgc.orgLinkedIn11-50 employeesmental health care

Prospect flagsRecently reached 100 employeesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.7M

+26.1% from 2019

Total participants

156

-3.1% from 2019

Average account balance

$30,809

-0.1% from 2019

Annual return

12.01%

-7.06 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.87M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

145

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$608K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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
NATIONWIDE2 years Service code 51 · EIN 35-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Mgmt Fees	$30,637
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 27 NC1409 · CHARLOTTE, NC 282881207	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2M3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$1K

$9 / participant

Investment mgmt$1K100.0%

% of EOY assets

0.032%

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: KIMBERLIN COMPANY
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,809

$66,124-53.4%

$90,461-65.9%

$73,497-58.1%

Participation rate

72.5%

69.7%+2.8pp

72.7%-0.2pp

70.7%+1.8pp

Annual return

12.01%

17.65%-5.6pp

1294.76%-1282.8pp

28.51%-16.5pp

Employer contribution / active EE

$2,145

$2,346-8.6%

$3,264-34.3%

$2,270-5.5%

Participant deferral / active EE

$1,409

$3,039-53.6%

$3,964-64.5%

$3,740-62.3%

Admin fee / account holder

$10

$396-97.5%

$5,617-99.8%

$513-98.1%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 51 · EIN 35-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Mgmt Fees

$30,637

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS

Service code 27

NC1409 · CHARLOTTE, NC 282881207

Advisory (Plan)

HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENRIETTA WEILL MEMORIAL CHILD GUIDANCE CLINIC 403B 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