Retirement plan

LEGAL AID SOCIETY OF ORANGE COUNTY 401(K) PROFIT SHARING PLAN

Name: LEGAL AID SOCIETY OF ORANGE COUNTY - LEGAL AID SOCIETY OF ORANGE COUNTY 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: LEGAL AID SOCIETY OF ORANGE COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL AID SOCIETY OF ORANGE COUNTY 401(K) PROFIT SHARING PLAN, LEGAL AID SOCIETY OF ORANGE COUNTY

LEGAL AID SOCIETY OF ORANGE COUNTYEIN 95-1994337Plan #001PY 2019

2101 N. TUSTIN AVENUE - SANTA ANA, CA 92705714-571-5205LinkedIn51-200 employeeslegal services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.3M

-5.2% from 2018

Total participants

131

+14.9% from 2018

Average account balance

$71,330

-16.8% from 2018

Annual return

-2.48%

-21.52 pp from 2018

Benchmarks

See 25,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,909 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.10M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

252

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+2.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$14,147
GRUBER & ASSOCIATES4+ years Service code 10 438 OLD NEWPORT BLVD · NEWPORT BEACH, CA 92663	Accounting	$6,950

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$21K

$270 / participant

Contract admin$14K67.1%
Other / not subdivided$7K32.9%

% of EOY assets

0.228%

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: GRUBER AND ASSOCIATES, INC.
Auditor EIN: 261348348
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,330

$89,370-20.2%

$141,197-49.5%

$72,976-2.3%

Participation rate

98.7%

75.1%+23.6pp

82.5%+16.2pp

69.5%+29.2pp

Annual return

-2.48%

111.88%-114.4pp

71.41%-73.9pp

81.02%-83.5pp

Employer contribution / active EE

$2,441

$3,115-21.6%

$4,736-48.5%

$2,4400%

Participant deferral / active EE

$3,235

$5,419-40.3%

$6,710-51.8%

$3,608-10.3%

Admin fee / account holder

$162

$5,957-97.3%

$10,265-98.4%

$5,124-96.8%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$14,147

GRUBER & ASSOCIATES4+ years

Service code 10

438 OLD NEWPORT BLVD · NEWPORT BEACH, CA 92663

Accounting

$6,950

LEGAL AID SOCIETY OF ORANGE COUNTY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL AID SOCIETY OF ORANGE COUNTY 401(K) PROFIT SHARING 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