Retirement plan

MCALISTER BENEFIT PLAN

Name: MCALISTER INSTITUTE FOR TREATMENT & EDUCATION, INC. - MCALISTER BENEFIT PLAN (2023) Form 5500
Creator: MCALISTER INSTITUTE FOR TREATMENT & EDUCATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCALISTER BENEFIT PLAN, MCALISTER INSTITUTE FOR TREATMENT & EDUCATION, INC.

MCALISTER INSTITUTE FOR TREATMENT & EDUCATION, INC.EIN 95-3140767Plan #001PY 2023

1400 JOHNSON AVE., SUITE 101 - EL CAJON, CA 92020619-442-0277LinkedIn11-50 employees

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+27.8% from 2022

Total participants

459

+3.4% from 2022

Average account balance

$24,068

+22.3% from 2022

Annual return

10.09%

+27.75 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.05M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

231

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.

39.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Service code 15 · EIN 31-4156830	Recordkeeping	$32,853
LIGHTHOUSE ADVISORY SERVICES3 years Service code 26 · EIN 83-3037363	Advisory (Participants)	$22,475
NATIONAL BENEFIT SERVICES, LLC3 years Filed as: NATIONAL BENEFIT SERVICES Service code 15 · EIN 20-3886993	Recordkeeping	$4,915
KESTRA INVESTMENT SERVICES LLC1 year Service code 26 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2L2K2F2G2J2A2E

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

Opportunity flags

3 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$42K

$105 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.932%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LING & BOUMAN CPA'S LLP
Auditor EIN: 814590836
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,068

$47,163-49.0%

$149,696-83.9%

$74,460-67.7%

Participation rate

31.6%

63.4%-31.8pp

78.8%-47.2pp

70.7%-39.2pp

Annual return

10.09%

22.75%-12.7pp

134.46%-124.4pp

34.38%-24.3pp

Employer contribution / active EE

$932

$1,907-51.1%

$4,821-80.7%

$2,638-64.7%

Participant deferral / active EE

$1,132

$2,730-58.5%

$5,682-80.1%

$4,530-75.0%

Admin fee / account holder

$224

$343-34.6%

$13,212-98.3%

$348-35.5%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$32,853

LIGHTHOUSE ADVISORY SERVICES3 years

Service code 26 · EIN 83-3037363

Advisory (Participants)

$22,475

NATIONAL BENEFIT SERVICES, LLC3 years

Filed as: NATIONAL BENEFIT SERVICES

Service code 15 · EIN 20-3886993

Recordkeeping

$4,915

KESTRA INVESTMENT SERVICES LLC1 year

Service code 26

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Advisory (Participants)

MCALISTER BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCALISTER BENEFIT 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