Retirement plan

COMMUNITY LEGAL AID SOCAL 401(K) PROFIT SHARING PLAN

Name: COMMUNITY LEGAL AID SOCAL - COMMUNITY LEGAL AID SOCAL 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: COMMUNITY LEGAL AID SOCAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY LEGAL AID SOCAL 401(K) PROFIT SHARING PLAN, COMMUNITY LEGAL AID SOCAL

COMMUNITY LEGAL AID SOCALEIN 95-1994337Plan #001PY 2023

2101 N. TUSTIN AVENUE - SANTA ANA, CA 92705714-571-5238LinkedIn51-200 employeeslegal services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$13.5M

-3.3% from 2022

Total participants

214

+9.7% from 2022

Average account balance

$63,213

-11.9% from 2022

Annual return

-6.58%

-17.16 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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.7 years Service code 15 · EIN 23-1945930	Recordkeeping	$20,121
GRUBER AND LOPEZ, INC.1 year Filed as: GRUBER & LOPEZ, INC. Service code 10 438 OLD NEWPORT BLVD · NEWPORT BEACH, CA 92663	Accounting	$8,200

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

$28K

$289 / participant

Contract admin$20K71.0%
Other / not subdivided$8K29.0%

% of EOY assets

0.210%

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 LOPEZ, INC.
Auditor EIN: 271110267
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,213

$93,598-32.5%

$135,974-53.5%

$75,173-15.9%

Participation rate

99.0%

75.2%+23.8pp

81.9%+17.1pp

67.2%+31.8pp

Annual return

-6.58%

30.89%-37.5pp

68.30%-74.9pp

160.72%-167.3pp

Employer contribution / active EE

$3,381

$3,538-4.4%

$4,859-30.4%

$2,671+26.6%

Participant deferral / active EE

$5,054

$6,405-21.1%

$7,760-34.9%

$4,126+22.5%

Admin fee / account holder

$133

$6,978-98.1%

$10,767-98.8%

$5,651-97.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.7 years

Service code 15 · EIN 23-1945930

Recordkeeping

$20,121

GRUBER AND LOPEZ, INC.1 year

Filed as: GRUBER & LOPEZ, INC.

Service code 10

438 OLD NEWPORT BLVD · NEWPORT BEACH, CA 92663

Accounting

$8,200

COMMUNITY LEGAL AID SOCAL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY LEGAL AID SOCAL 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