Retirement plan

CLINICA SIERRA VISTA RETIREMENT PLAN

Name: CLINICA SIERRA VISTA - CLINICA SIERRA VISTA RETIREMENT PLAN (2023) Form 5500
Creator: CLINICA SIERRA VISTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLINICA SIERRA VISTA RETIREMENT PLAN, CLINICA SIERRA VISTA

CLINICA SIERRA VISTAEIN 95-2707101Plan #001PY 2023

1430 TRUXTUN AVENUE, SUITE 400 - BAKERSFIELD, CA 93301661-635-3050clinicasierravista.orgLinkedIn1001-5000 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$73.9M

+24.2% from 2022

Total participants

2,027

+15.7% from 2022

Average account balance

$36,771

+8.0% from 2022

Annual return

20.23%

+37.28 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.91M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

1,846

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$218,620
PRINCIPAL LIFE INSURANCE COMPANY7 years Filed as: PRINCIPAL SECURITIES, INC. Service code 27	Advisory (Plan)	$62,962
NEXUS ADMINISTRATORS, INC.3 years Service code 13 · EIN 77-0586222 735 W. ALLUVIAL AVENUE, SUITE 101 · FRESNO, CA 93711	Contract Administrator	$52,839
PRINCIPAL LIFE INSURANCE COMPANY6 years Filed as: PRINCIPAL SECURITIES Service code 27 · EIN 42-0941553	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS, LLC Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED9+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2F2G2M2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$122K

$82 / participant

Contract admin$122K100.0%

% of EOY assets

0.166%

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: DZA PLLC
Auditor EIN: 200079326
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,771

$50,151-26.7%

$149,696-75.4%

$80,157-54.1%

Participation rate

98.8%

64.3%+34.5pp

78.8%+20.0pp

72.9%+25.9pp

Annual return

20.23%

29.80%-9.6pp

134.46%-114.2pp

40.39%-20.2pp

Employer contribution / active EE

$2,546

$1,867+36.4%

$4,821-47.2%

$2,977-14.5%

Participant deferral / active EE

$3,368

$3,194+5.4%

$5,682-40.7%

$5,015-32.8%

Admin fee / account holder

$61

$153-60.1%

$13,212-99.5%

$145-58.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$218,620

PRINCIPAL LIFE INSURANCE COMPANY7 years

Filed as: PRINCIPAL SECURITIES, INC.

Service code 27

Advisory (Plan)

$62,962

NEXUS ADMINISTRATORS, INC.3 years

Service code 13 · EIN 77-0586222

735 W. ALLUVIAL AVENUE, SUITE 101 · FRESNO, CA 93711

Contract Administrator

$52,839

PRINCIPAL LIFE INSURANCE COMPANY6 years

Filed as: PRINCIPAL SECURITIES

Service code 27 · EIN 42-0941553

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS, LLC

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED9+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

CLINICA SIERRA VISTA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLINICA SIERRA VISTA 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