Retirement plan

EMPLOYEE BENEFIT PLAN OF BOYS & GIRLS CLUBS OF GARDEN GROVE, INC.

Name: BOYS & GIRLS CLUBS OF GARDEN GROVE, INC. - EMPLOYEE BENEFIT PLAN OF BOYS & GIRLS CLUBS OF GARDEN GROVE, INC. (2019) Form 5500
Creator: BOYS & GIRLS CLUBS OF GARDEN GROVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF BOYS & GIRLS CLUBS OF GARDEN GROVE, INC., BOYS & GIRLS CLUBS OF GARDEN GROVE, INC.

BOYS & GIRLS CLUBS OF GARDEN GROVE, INC.EIN 95-6112702Plan #001PY 2019

10540 CHAPMAN AVE - GARDEN GROVE, CA 92840714-530-0430bgcgg.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsLow participationLow employer contributionLow participant contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2M

+34.8% from 2018

Total participants

304

+60.0% from 2018

Average account balance

$16,463

+20.3% from 2018

Annual return

21.83%

+29.75 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.07M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

131

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

$312K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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 6 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK SECURITIES LLC Service code 55	Other Commissions	$3,769
PENSIONMARK FINANCIAL GROUP LLC1 year Service code 27 24 E COTA ST · SANTA BARBARA, CA 93101	Advisory (Plan)	$2,846
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE AND ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,325
AXIOS ADVISORY GROUP, LTD1 year Filed as: AXIOS ADVISORY GROUP Service code 13 115 VIP DR · WEXFORD, PA 15090	Contract Administrator	$1,408
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP,LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$267
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK SECURITIES Service code 55 24 E COTA ST · SANTA BARBARA, CA 93101	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$27 / participant

Investment mgmt$4K64.7%
Contract admin$2K35.3%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

2 / 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: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,463

$52,961-68.9%

$172,755-90.5%

$65,185-74.7%

Participation rate

25.0%

66.2%-41.2pp

82.6%-57.6pp

70.2%-45.2pp

Annual return

21.83%

30.12%-8.3pp

802.94%-781.1pp

29.38%-7.6pp

Employer contribution / active EE

$275

$2,190-87.4%

$5,144-94.7%

$2,177-87.4%

Participant deferral / active EE

$706

$2,471-71.4%

$5,198-86.4%

$3,514-79.9%

Admin fee / account holder

$54

$472-88.5%

$13,955-99.6%

$847-93.6%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK SECURITIES LLC

Service code 55

Other Commissions

$3,769

PENSIONMARK FINANCIAL GROUP LLC1 year

Service code 27

24 E COTA ST · SANTA BARBARA, CA 93101

Advisory (Plan)

$2,846

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE AND ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,325

AXIOS ADVISORY GROUP, LTD1 year

Filed as: AXIOS ADVISORY GROUP

Service code 13

115 VIP DR · WEXFORD, PA 15090

Contract Administrator

$1,408

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP,LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$267

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK SECURITIES

Service code 55

24 E COTA ST · SANTA BARBARA, CA 93101

Other Commissions

EMPLOYEE BENEFIT PLAN OF BOYS & GIRLS CLUBS OF GARDEN GROVE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF BOYS & GIRLS CLUBS OF GARDEN GROVE, 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