Retirement plan

SABAN COMMUNITY CLINIC 403(B) EMPLOYER RETIREMENT PLAN

Name: THE LOS ANGELES FREE CLINIC D/B/A SABAN COMMUNITY CLINIC - SABAN COMMUNITY CLINIC 403(B) EMPLOYER RETIREMENT PLAN (2024) Form 5500
Creator: THE LOS ANGELES FREE CLINIC D/B/A SABAN COMMUNITY CLINIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SABAN COMMUNITY CLINIC 403(B) EMPLOYER RETIREMENT PLAN, THE LOS ANGELES FREE CLINIC D/B/A SABAN COMMUNITY CLINIC

THE LOS ANGELES FREE CLINIC D/B/A SABAN COMMUNITY CLINICEIN 95-2539105Plan #001PY 2024

8405 BEVERLY BLVD - LOS ANGELES, CA 90048323-330-1648

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$20.7M

+17.7% from 2023

Total participants

500

-8.1% from 2023

Average account balance

$45,743

+24.8% from 2023

Annual return

14.21%

-6.11 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.72M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

453

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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
VOYA RETIREMENT INSURANCE & ANNUITY4 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$41,157
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT Service code 26 · EIN 33-0905143	Advisory (Participants)	$16,186

Plan features & details

Pension benefit codes2L2G2F2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$65K

$152 / participant

Investment mgmt$5K7.5%
Contract admin$40K61.1%
Other / not subdivided$20K31.4%

% of EOY assets

0.315%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,743

$50,902-10.1%

$155,534-70.6%

$77,736-41.2%

Participation rate

89.1%

63.1%+26.0pp

78.2%+10.9pp

70.6%+18.5pp

Annual return

14.21%

34.85%-20.6pp

64.92%-50.7pp

31.26%-17.0pp

Employer contribution / active EE

$1,205

$1,991-39.5%

$4,675-74.2%

$2,728-55.8%

Participant deferral / active EE

$3,475

$2,824+23.1%

$5,630-38.3%

$4,651-25.3%

Admin fee / account holder

$144

$437-67.0%

$15,900-99.1%

$433-66.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$41,157

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT

Service code 26 · EIN 33-0905143

Advisory (Participants)

$16,186

SABAN COMMUNITY CLINIC 403(B) EMPLOYER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SABAN COMMUNITY CLINIC 403(B) EMPLOYER RETIREMENT 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