Retirement plan

JEWISH FAMILY SERVICE OF LOS ANGELES 401 (K) PLAN

Name: JEWISH FAMILY SERVICE OF LOS ANGELES - JEWISH FAMILY SERVICE OF LOS ANGELES 401 (K) PLAN (2023) Form 5500
Creator: JEWISH FAMILY SERVICE OF LOS ANGELES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEWISH FAMILY SERVICE OF LOS ANGELES 401 (K) PLAN, JEWISH FAMILY SERVICE OF LOS ANGELES

JEWISH FAMILY SERVICE OF LOS ANGELESEIN 95-1691013Plan #001PY 2023

330 NORTH FAIRFAX AVENUE - LOS ANGELES, CA 90036323-761-8800jfsla.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.6M

+15.1% from 2022

Total participants

267

+3.1% from 2022

Average account balance

$38,885

+13.7% from 2022

Annual return

15.46%

+32.29 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.01M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

255

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$54,386
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: ZEPHYR INVESTMENT MANAGEMENT Service code 27 · EIN 77-0464771	Advisory (Plan)	$35,821

Plan features & details

Pension benefit codes2F2G2J2T3H2E3D

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$90K

$488 / participant

Recordkeeping$54K60.3%
Investment mgmt$36K39.7%

% of EOY assets

0.935%

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: GREEN HASSON & JANKS LLP
Auditor EIN: 951777440
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,885

$61,356-36.6%

$149,696-74.0%

$71,511-45.6%

Participation rate

89.7%

62.5%+27.2pp

78.8%+11.0pp

67.9%+21.8pp

Annual return

15.46%

35.86%-20.4pp

134.46%-119.0pp

28.86%-13.4pp

Employer contribution / active EE

$3,070

$2,382+28.9%

$4,821-36.3%

$2,589+18.6%

Participant deferral / active EE

$3,325

$2,920+13.9%

$5,682-41.5%

$4,291-22.5%

Admin fee / account holder

$364

$1,263-71.2%

$13,212-97.2%

$1,588-77.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$54,386

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: ZEPHYR INVESTMENT MANAGEMENT

Service code 27 · EIN 77-0464771

Advisory (Plan)

$35,821

JEWISH FAMILY SERVICE OF LOS ANGELES 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEWISH FAMILY SERVICE OF LOS ANGELES 401 (K) 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