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FORM 5500 DATA

ChildNet Youth and Family Services, Inc. 403(b) Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1987
  • Net Assets as of 12/31/2019 $15,798,810
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants312
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits139
  • Subtotal451
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total452
  • Total number of participants as of 01/01/2019416
  • Number of participants with account balances342
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested4

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address4155 Outer Traffic Circle
  • CityLong Beach
  • StateCA
  • Zip90804
  • Telephone(562) 498-5500
  • EIN95-2666942
  • Industry Code624100

Audit Information

  • Audit StatusAudited
  • AuditorHarrington Group CPAS, LLP
  • Auditor EIN95-4557617
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $3,688,489
Contributions $1,032,100
Cash Contributions $1,032,100
Cash from Employers $623,242
Cash from Participants $376,015
Others (including rollovers) $32,843
Noncash Contributions $0
Total Earnings on Investments $636,517
Total Interest $13,673
Interest-Bearing Cash $13,673
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $622,844
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $2,019,872
Expenses $298,737
Total Benefit Payments $285,807
Directly to participants or beneficiaries, including direct rollovers $285,807
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $12,930
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $12,930
Other Administrative Fees $0
Net Income $3,389,752
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $15,798,810 $12,409,058 27.32%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $624,284 $611,095 2.16%
Employer Contributions $623,242 $597,103 4.38%
Participant Contributions $1,042 $13,992 -92.55%
Other Contributions $0 $0 0.0%
General Investments $3,776 $0 0.0%
Interest-bearing cash $3,776 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $14,738,582 $10,927,888 34.87%
Value of funds held in insurance co. general account $432,168 $870,075 -50.33%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $15,798,810 $12,409,058 27.32%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Strategic Advisors, Inc. Investment advisory (plan) Advisor $15,135 $0 $15,135
Fidelity Investments Institutional Recordkeeping fees, Account maintenance fees Recordkeeper $-2,205 $0 $-2,205
Total $12,930 $0 $12,930

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Af New World R3 - American Funds Sub-transfer agency fees 0.65% X Assets $0
Fidelity Investments Baron Growth - Dst Systems Inc. Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Brown Small Co Inv- Alps Fund Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2020 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2025 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2030 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2035 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2040 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2045 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Dh Small Mid Cap A - Diamond Hill Sub-transfer agency fees 0.50% X Assets $0
Fidelity Investments Fkln Mtl Glb Disc Z-Franklin Temple Sub-transfer agency fees 0.15% X Assets $0
Fidelity Investments Invs Divrs Dividnd A-Invesco Invest Sub-transfer agency fees 0.50% X Assets $0
Fidelity Investments Mfs Intl New Disc R3-Mfs Service Sub-transfer agency fees 0.50% X Assets $0
Fidelity Investments Oakmark Fund Inv-Boston Financial Sub-transfer agency fees 0.35% X Assets $0
Fidelity Investments Oakmark Intl Inv-Boston Financial Sub-transfer agency fees 0.35% X Assets $0
Fidelity Investments Trp Retire 2050 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2055 Adv-T.Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Trp Retire 2060 Adv-T. Rowe Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Pimco Tot Return Adm-Dst Asset Sub-transfer agency fees 0.25% X Assets $0
Fidelity Investments Jh Balanced T - Janus Services LLC Sub-transfer agency fees 0.35% X Assets $0
Fidelity Investment Trp Retire 2015 Adv-T. Rowe Price Sub-transfer agency fees 0.40% X Assets $0
Fidelity Investments Lincoln Stable Value Sub-transfer agency fees 0.25% X Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Company 452
EIN 38-2027689
Industry Code 65676
Contract Number 895000-007
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $432,168
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $870,125
Additions $831,782
Contributions Deposited during the year $818,183
Dividends and credits $0
Interest credited during the year $13,599
Transferred from separate account $0
Other $0
Total of Balance and Additions $1,701,907
Deductions $1,269,739
Disbursed from fund to pay benefits or purchase annuities during the year $1,269,739
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $432,168