Retirement plan

MHALA 403(B) PLAN

Name: MENTAL HEALTH AMERICA OF LOS ANGELES - MHALA 403(B) PLAN (2016) Form 5500
Creator: MENTAL HEALTH AMERICA OF LOS ANGELES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MHALA 403(B) PLAN, MENTAL HEALTH AMERICA OF LOS ANGELES

MENTAL HEALTH AMERICA OF LOS ANGELESEIN 95-1881491Plan #001PY 2016

200 PINE AVENUE, SUITE 400 - LONG BEACH, CA 90802562-285-1330mhala.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.7M

-8.7% from 2015

Total participants

319

+10.8% from 2015

Average account balance

$22,029

-11.7% from 2015

Annual return

5.29%

+6.66 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.45M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

373

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.

53.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 3 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES Service code 55 · EIN 74-2794194	Other Commissions	$13,780
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURNACE Service code 64 · EIN 04-1590850	Recordkeeping Fees	$9,948
KESTRA INVESTMENT SERVICES LLC2+ years Service code 53 · EIN 74-2794194	Insurance Commissions	$0

Plan features & details

Pension benefit codes2F2G2J2M2T

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$10K

$35 / participant

Investment mgmt$7K71.7%
Contract admin$3K28.3%

% of EOY assets

0.384%

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: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,029

$36,916-40.3%

$156,551-85.9%

$57,658-61.8%

Participation rate

34.2%

63.4%-29.2pp

84.0%-49.8pp

70.2%-36.0pp

Annual return

5.29%

12.38%-7.1pp

32.23%-26.9pp

5.13%+0.2pp

Employer contribution / active EE

$1,571-100.0%

$5,501-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,508

$1,926-21.7%

$4,871-69.1%

$3,061-50.7%

Admin fee / account holder

$85

$82+2.5%

$13,028-99.4%

$95-10.6%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES

Service code 55 · EIN 74-2794194

Other Commissions

$13,780

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURNACE

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$9,948

KESTRA INVESTMENT SERVICES LLC2+ years

Service code 53 · EIN 74-2794194

Insurance Commissions

MHALA 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MHALA 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