Retirement plan

GOODWILL SERVING THE PPL OF S LA CTY 403(B) PLAN

Name: GOODWILL SERVING THE PEOPLE OF SOUTHERN LOS ANGELES COUNTY - GOODWILL SERVING THE PPL OF S LA CTY 403(B) PLAN (2023) Form 5500
Creator: GOODWILL SERVING THE PEOPLE OF SOUTHERN LOS ANGELES COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOODWILL SERVING THE PPL OF S LA CTY 403(B) PLAN, GOODWILL SERVING THE PEOPLE OF SOUTHERN LOS ANGELES COUNTY

GOODWILL SERVING THE PEOPLE OF SOUTHERN LOS ANGELES COUNTYEIN 95-1644017Plan #001PY 2023

800 W. PACIFIC COAST HIGHWAY - LONG BEACH, CA 90806562-435-3411linksinterpreting.comLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.1M

-34.3% from 2017

Total participants

563

+1343.6% from 2017

Average account balance

$2,100

No prior year

Annual return

0.00%

0.00 pp from 2017

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

$1.94M

Not enough data

1 years with asset history on file

Average account balance

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

$3K

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.

568

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$800K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$1,277

Plan features & details

Pension benefit codes2S2M3D2G2F2T

Plan features

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$7 / participant

Investment mgmt$2K55.8%
Contract admin$1K44.2%

% of EOY assets

0.259%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES, INC
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$2,100

$47,163-95.5%

$149,696-98.6%

$74,460-97.2%

Participation rate

92.4%

63.4%+28.9pp

78.8%+13.6pp

70.7%+21.6pp

Annual return

0.00%

22.75%-22.8pp

134.46%-134.5pp

34.38%-34.4pp

Employer contribution / active EE

$435

$1,907-77.2%

$4,821-91.0%

$2,638-83.5%

Participant deferral / active EE

$628

$2,730-77.0%

$5,682-88.9%

$4,530-86.1%

Admin fee / account holder

$343-98.4%

$13,212-100.0%

$348-98.4%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$1,277

GOODWILL SERVING THE PPL OF S LA CTY 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOODWILL SERVING THE PPL OF S LA CTY 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