Retirement plan

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST 401(K) SAVINGS PLAN AND TRUST

Name: COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST - COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST 401(K) SAVINGS PLAN AND TRUST (2015) Form 5500
Creator: COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST 401(K) SAVINGS PLAN AND TRUST, COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST

COMMUNITY HEALTH CENTERS OF THE CENTRAL COASTEIN 95-3253302Plan #001PY 2015

2050 BLOSSER ROAD - SANTA MARIA, CA 93458805-929-3211communityhealthcenters.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow returnsLow fidelity bondFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 4, 2018 (most recent of 2 filings on file)

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Total assets (EOY)

$17.8M

No prior year

Total participants

635

No prior year

Average account balance

$29,198

No prior year

Annual return

-2.06%

No prior year

Benchmarks

See 690 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.21M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

1,179

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Service code 52 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Indirect Investment Fees	$129,340
HICKS PENSION SERVICES1+ years Filed as: HICKS PENSION SERVICE Service code 15 · EIN 77-0155091 555 CHORRO STREET · SAN LUIS OBISPO, CA 934052376	Recordkeeping	$8,750
AMERIPRISE FINANCIAL SERVICES INC1+ years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 53 50082 AMERIPRISE FIANCIAL CTR · MINNEAPOLIS, MN 554740000	Insurance Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2G2J3D

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.
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

3 tripped

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).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$84K

$153 / participant

Investment mgmt$84K100.0%

% of EOY assets

0.472%

all-in expense ratio

Categories reported

1 / 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: OSCAR G. ARMIJO & ASSOCIATES
Auditor EIN: 330278891
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,198

$38,925-25.0%

$73,836-60.5%

$55,191-47.1%

Participation rate

95.7%

66.0%+29.6pp

73.4%+22.2pp

69.2%+26.5pp

Annual return

-2.06%

6.31%-8.4pp

2268.06%-2270.1pp

10.78%-12.8pp

Employer contribution / active EE

$2,563

$1,695+51.2%

$2,787-8.1%

$1,899+35.0%

Participant deferral / active EE

$2,451

$2,351+4.2%

$3,583-31.6%

$3,046-19.6%

Admin fee / account holder

$138

$83+66.4%

$4,882-97.2%

$91+51.9%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 52 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Indirect Investment Fees

$129,340

HICKS PENSION SERVICES1+ years

Filed as: HICKS PENSION SERVICE

Service code 15 · EIN 77-0155091

555 CHORRO STREET · SAN LUIS OBISPO, CA 934052376

Recordkeeping

$8,750

AMERIPRISE FINANCIAL SERVICES INC1+ years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 53

50082 AMERIPRISE FIANCIAL CTR · MINNEAPOLIS, MN 554740000

Insurance Commissions

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST 401(K) SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST 401(K) SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

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