Retirement plan

THE 401(K) PROFIT SHARING PLAN OF THE SOCIAL MODEL RECOVERY SYSTEMS, INC.

Name: SOCIAL MODEL RECOVERY SYSTEMS, INC. - THE 401(K) PROFIT SHARING PLAN OF THE SOCIAL MODEL RECOVERY SYSTEMS, INC. (2017) Form 5500
Creator: SOCIAL MODEL RECOVERY SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PROFIT SHARING PLAN OF THE SOCIAL MODEL RECOVERY SYSTEMS, INC., SOCIAL MODEL RECOVERY SYSTEMS, INC.

SOCIAL MODEL RECOVERY SYSTEMS, INC.EIN 95-4079133Plan #001PY 2017

223 EAST ROWLAND STREET - COVINA, CA 91723626-332-3145socialmodelrecovery.orgLinkedIn201-500 employeesmental health care

Prospect flagsLow participationRecently reached 100 employeesLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.4M

+25.3% from 2016

Total participants

217

+37.3% from 2016

Average account balance

$16,748

-25.7% from 2016

Annual return

17.96%

+11.81 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.00M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

255

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.

64.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$729K

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

+10.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$490

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$490

$3 / participant

Other / not subdivided$490100.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

0 / 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: DILLON & AVEDISSIAN ACCOUNTANCY COR
Auditor EIN: 270170600
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,748

$55,453-69.8%

$170,435-90.2%

$62,293-73.1%

Participation rate

59.3%

66.4%-7.0pp

83.6%-24.3pp

69.5%-10.2pp

Annual return

17.96%

21.38%-3.4pp

205.94%-188.0pp

28.90%-10.9pp

Employer contribution / active EE

$1,130

$2,164-47.8%

$5,432-79.2%

$2,042-44.7%

Participant deferral / active EE

$711

$2,303-69.1%

$4,939-85.6%

$3,169-77.6%

Admin fee / account holder

$455-99.3%

$13,881-100.0%

$479-99.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$490

THE 401(K) PROFIT SHARING PLAN OF THE SOCIAL MODEL RECOVERY SYSTEMS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PROFIT SHARING PLAN OF THE SOCIAL MODEL RECOVERY SYSTEMS, INC.

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