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 (2024) 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 2024

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.9M

+18.1% from 2023

Total participants

229

+7.0% from 2023

Average account balance

$69,450

+9.9% from 2023

Annual return

14.33%

+20.91 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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.8 years Service code 15 · EIN 23-1945930	Recordkeeping	$22,293
GRUBER AND LOPEZ, INC.1 year Service code 10 · EIN 27-1110267	Accounting	$8,500

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$22K

$192 / participant

Contract admin$22K100.0%

% of EOY assets

0.140%

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

$69,450

$101,591-31.6%

$147,096-52.8%

$74,429-6.7%

Participation rate

100.0%

75.5%+24.5pp

82.2%+17.8pp

67.2%+32.8pp

Annual return

14.33%

8746.45%-8732.1pp

419.75%-405.4pp

1368.38%-1354.1pp

Employer contribution / active EE

$3,695

$3,813-3.1%

$4,936-25.1%

$2,625+40.8%

Participant deferral / active EE

$5,029

$7,302-31.1%

$8,071-37.7%

$4,348+15.6%

Admin fee / account holder

$97

$1,750-94.4%

$13,005-99.3%

$1,944-95.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.8 years

Service code 15 · EIN 23-1945930

Recordkeeping

$22,293

GRUBER AND LOPEZ, INC.1 year

Service code 10 · EIN 27-1110267

Accounting

$8,500

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