Retirement plan

FLORENCE CRITTENTON SERVICES 403(B) PLAN

Name: FLORENCE CRITTENTON SERVICES OF ORANGE COUNTY - FLORENCE CRITTENTON SERVICES 403(B) PLAN (2020) Form 5500
Creator: FLORENCE CRITTENTON SERVICES OF ORANGE COUNTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORENCE CRITTENTON SERVICES 403(B) PLAN, FLORENCE CRITTENTON SERVICES OF ORANGE COUNTY

FLORENCE CRITTENTON SERVICES OF ORANGE COUNTYEIN 95-2492427Plan #001PY 2020

801 E CHAPMAN AVE STE 203 - FULLERTON, CA 928313846714-680-9000LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$654K assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$7.4M

+21.8% from 2019

Total participants

541

+3.8% from 2019

Average account balance

$20,431

+9.3% from 2019

Annual return

7.02%

-1.05 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.93M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

383

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.

64.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2K2M2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$22 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.125%

all-in expense ratio

Categories reported

0 / 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: KJM CORBIN & COMPANY LLP
Auditor EIN: 810569753
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,431

$52,293-60.9%

$178,503-88.6%

$73,412-72.2%

Participation rate

58.0%

65.3%-7.3pp

81.9%-23.9pp

72.2%-14.1pp

Annual return

7.02%

34.75%-27.7pp

151.12%-144.1pp

59.30%-52.3pp

Employer contribution / active EE

$996

$1,736-42.6%

$5,011-80.1%

$2,234-55.4%

Participant deferral / active EE

$1,849

$2,333-20.8%

$5,202-64.5%

$3,806-51.4%

Admin fee / account holder

$26

$127-79.9%

$13,987-99.8%

$158-83.8%

FLORENCE CRITTENTON SERVICES 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORENCE CRITTENTON SERVICES 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