Retirement plan

AMIGOS DEVELOPMENT CORPORATION 401(K) PLAN

Name: AMIGOS DEVELOPMENT CORPORATION - AMIGOS DEVELOPMENT CORPORATION 401(K) PLAN (2020) Form 5500
Creator: AMIGOS DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMIGOS DEVELOPMENT CORPORATION 401(K) PLAN, AMIGOS DEVELOPMENT CORPORATION

AMIGOS DEVELOPMENT CORPORATIONEIN 01-0557729Plan #001PY 2020

3299 HORSELESS CARRIAGE LANE - NORCO, CA 92860951-284-3456LinkedIn1001-5000 employeesconstruction

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.1M

+20.6% from 2019

Total participants

1,481

+3.4% from 2019

Average account balance

$53,897

+17.6% from 2019

Annual return

11.35%

-7.25 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.16M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

387

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.

17.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$301

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$36,683
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYSON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$35,658
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,330
CLIFTONLARSONALLEN LLP3 years Service code 10 3077 W JEFFERSON ST STE 105 · JOLIET, IL 60435	Accounting	$7,875
HICKS PENSION SERVICES2 years Filed as: QUALIFIED SERVICES INC DBA HICKS PE Service code 13 · EIN 77-0155091 555 CHORRO STREET STE C · SAN LUIS OBISPO, CA 93405	Contract Administrator	$4,840
AMIGOS DEVELOPMENT CORP DBA AMIGOS1 year Service code 99 3299 HORSELESS CARRIAGE RD STE H · NORCO, CA 92860	Other Fees	$4,725

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$113K

$80 / participant

Contract admin$113K100.0%

% of EOY assets

0.747%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,897

$81,719-34.0%

$101,271-46.8%

$90,274-40.3%

Participation rate

14.9%

80.7%-65.8pp

75.8%-60.9pp

73.4%-58.5pp

Annual return

11.35%

337.64%-326.3pp

46.48%-35.1pp

53.97%-42.6pp

Employer contribution / active EE

$345

$3,622-90.5%

$3,660-90.6%

$2,523-86.3%

Participant deferral / active EE

$897

$3,310-72.9%

$4,371-79.5%

$4,231-78.8%

Admin fee / account holder

$403

$162+148.8%

$5,948-93.2%

$114+253.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$36,683

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYSON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$35,658

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,330

CLIFTONLARSONALLEN LLP3 years

Service code 10

3077 W JEFFERSON ST STE 105 · JOLIET, IL 60435

Accounting

$7,875

HICKS PENSION SERVICES2 years

Filed as: QUALIFIED SERVICES INC DBA HICKS PE

Service code 13 · EIN 77-0155091

555 CHORRO STREET STE C · SAN LUIS OBISPO, CA 93405

Contract Administrator

$4,840

AMIGOS DEVELOPMENT CORP DBA AMIGOS1 year

Service code 99

3299 HORSELESS CARRIAGE RD STE H · NORCO, CA 92860

Other Fees

$4,725

AMIGOS DEVELOPMENT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMIGOS DEVELOPMENT CORPORATION 401(K) 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