Retirement plan

LOS ANGELES CONSERVATION CORPS 401(K) RETIREMENT PLAN

Name: LOS ANGELES CONSERVATION CORPS - LOS ANGELES CONSERVATION CORPS 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: LOS ANGELES CONSERVATION CORPS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOS ANGELES CONSERVATION CORPS 401(K) RETIREMENT PLAN, LOS ANGELES CONSERVATION CORPS

LOS ANGELES CONSERVATION CORPSEIN 95-4002138Plan #001PY 2023

PO BOX 861658 - LOS ANGELES, CA 900861658213-362-9000

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.2M

+18.0% from 2022

Total participants

180

+2.9% from 2022

Average account balance

$46,089

+14.0% from 2022

Annual return

11.93%

+30.83 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.42M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

196

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

$497K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS8+ years Filed as: CAPITAL RESEARCH & CONSULTING, LLC Service code 28 · EIN 95-4660745 15 S RAYMOND AVENUE #200 · PASADENA, CA 911051979	Investment Management	$12,344
TIAA2 years Service code 63 · EIN 13-1624203 730 THIRD AVENUE · NEW YORK, NY 100173206	12b-1 Fees	$10,662

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D2M

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$23K

$203 / participant

Investment mgmt$3K12.7%
Contract admin$20K87.3%

% of EOY assets

0.275%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,089

$58,264-20.9%

$86,612-46.8%

$71,457-35.5%

Participation rate

98.2%

65.0%+33.2pp

71.7%+26.5pp

67.9%+30.3pp

Annual return

11.93%

21.63%-9.7pp

591.07%-579.1pp

28.85%-16.9pp

Employer contribution / active EE

$1,918

$2,574-25.5%

$3,022-36.6%

$2,588-25.9%

Participant deferral / active EE

$3,110

$3,436-9.5%

$4,438-29.9%

$4,289-27.5%

Admin fee / account holder

$127

$1,057-88.0%

$5,614-97.7%

$1,587-92.0%

Provider

Service type

Compensation

AMERICAN FUNDS8+ years

Filed as: CAPITAL RESEARCH & CONSULTING, LLC

Service code 28 · EIN 95-4660745

15 S RAYMOND AVENUE #200 · PASADENA, CA 911051979

Investment Management

$12,344

TIAA2 years

Service code 63 · EIN 13-1624203

730 THIRD AVENUE · NEW YORK, NY 100173206

12b-1 Fees

$10,662

LOS ANGELES CONSERVATION CORPS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOS ANGELES CONSERVATION CORPS 401(K) 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