Retirement plan

SANTA CRUZ COUNTY BANK RETIREMENT TRUST

Name: SANTA CRUZ COUNTY BANK - SANTA CRUZ COUNTY BANK RETIREMENT TRUST (2024) Form 5500
Creator: SANTA CRUZ COUNTY BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANTA CRUZ COUNTY BANK RETIREMENT TRUST, SANTA CRUZ COUNTY BANK

SANTA CRUZ COUNTY BANKEIN 13-4265907Plan #001PY 2024

75 RIVER STREET - SANTA CRUZ, CA 95060831-431-4616workforcescc.comLinkedIn1-10 employees

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.8M

+52.4% from 2023

Total participants

257

+39.7% from 2023

Average account balance

$92,379

+3.9% from 2023

Annual return

41.12%

+17.75 pp from 2023

Benchmarks

See 2,173 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,173 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.85M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

204

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.

75.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+41.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ Service code 16 PO BOX 643792 · CINCINNATI, OH 45264	Consulting	$32,558

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

1 tripped

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

$35K

$158 / participant

Recordkeeping$2K6.1%
Other / not subdivided$33K93.9%

% of EOY assets

0.184%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,379

$122,063-24.3%

$184,256-49.9%

$74,478+24.0%

Participation rate

75.9%

85.5%-9.6pp

86.8%-10.9pp

67.2%+8.7pp

Annual return

41.12%

19.92%+21.2pp

28.85%+12.3pp

1370.56%-1329.4pp

Employer contribution / active EE

$1,970

$4,539-56.6%

$6,427-69.3%

$2,626-25.0%

Participant deferral / active EE

$6,907

$7,144-3.3%

$9,133-24.4%

$4,350+58.8%

Admin fee / account holder

$170

$1,253-86.4%

$13,899-98.8%

$1,946-91.3%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ

Service code 16

PO BOX 643792 · CINCINNATI, OH 45264

Consulting

$32,558

SANTA CRUZ COUNTY BANK RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANTA CRUZ COUNTY BANK RETIREMENT TRUST

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