Retirement plan

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN

Name: COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. - COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN (2022) Form 5500
Creator: COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN, COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC.

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC.EIN 95-3253302Plan #001PY 2022

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

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

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

Open the filing PDF

How to read this page

Total assets (EOY)

$61.2M

-11.8% from 2021

Total participants

1,310

+6.1% from 2021

Average account balance

$47,185

-16.0% from 2021

Annual return

-18.36%

-33.66 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840	Other Commissions	$175,744
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$1,706

Plan features & details

Pension benefit codes2G2J2A3D2E2F

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$2K

$2 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.003%

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: OSCAR G. ARMIJO, CPA
Auditor EIN: 330278891
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,185

$47,766-1.2%

$82,744-43.0%

$64,819-27.2%

Participation rate

98.5%

67.7%+30.8pp

72.6%+25.9pp

71.5%+27.0pp

Annual return

-18.36%

-13.06%-5.3pp

702.22%-720.6pp

32.84%-51.2pp

Employer contribution / active EE

$5,213

$2,182+138.9%

$3,008+73.3%

$2,507+107.9%

Participant deferral / active EE

$4,861

$3,332+45.9%

$4,395+10.6%

$4,311+12.8%

Admin fee / account holder

$143-99.1%

$5,325-100.0%

$188-99.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 55 · EIN 23-2384840

Other Commissions

$175,744

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,706

COMMUNITY HEALTH CENTERS OF THE CENTRAL COAST, INC. 401(K) SAVINGS PLAN

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, INC. 401(K) SAVINGS PLAN

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