Retirement plan

FLORENCE CRITTENTON SERVICES 403(B) PLAN

Name: FLORENCE CRITTENTON SERVICES OF ORANGE COUNTY - FLORENCE CRITTENTON SERVICES 403(B) PLAN (2023) 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 2023

801 EAST CHAPMAN AVENUE SUITE 203 - FULLERTON, CA 92831714-680-9000LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$685K assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$10.4M

+13.1% from 2022

Total participants

426

-14.3% from 2022

Average account balance

$34,066

+19.8% from 2022

Annual return

11.65%

+25.90 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$29,292
CAMBRIDGE INVESTMENT RESEARCH3 years Filed as: CAMBRIDGE INVESTMENT GROUP Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$22,700
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,373

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$56K

$168 / participant

Investment mgmt$29K52.0%
Contract admin$27K48.0%

% of EOY assets

0.544%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KJM CORBIN & COMPANY LLP
Auditor EIN: 810569753
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,066

$47,180-27.8%

$149,723-77.2%

$74,473-54.3%

Participation rate

63.6%

63.4%+0.2pp

78.8%-15.2pp

70.7%-7.2pp

Annual return

11.65%

22.75%-11.1pp

134.50%-122.8pp

34.36%-22.7pp

Employer contribution / active EE

$1,341

$1,907-29.7%

$4,821-72.2%

$2,638-49.2%

Participant deferral / active EE

$2,526

$2,730-7.5%

$5,682-55.5%

$4,530-44.2%

Admin fee / account holder

$185

$343-46.0%

$13,215-98.6%

$347-46.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$29,292

CAMBRIDGE INVESTMENT RESEARCH3 years

Filed as: CAMBRIDGE INVESTMENT GROUP

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

$22,700

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,373

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