Retirement plan

SOAPROJECTS 401(K) PLAN

Name: SOAPROJECTS, INC. - SOAPROJECTS 401(K) PLAN (2024) Form 5500
Creator: SOAPROJECTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOAPROJECTS 401(K) PLAN, SOAPROJECTS, INC.

SOAPROJECTS, INC.EIN 20-0802044Plan #001PY 2024

495 N WHISMAN RD STE 500 - MOUNTAIN VIEW, CA 940435726650-960-9900soaprojects.comLinkedIn201-500 employeesaccounting

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.9M

+12.2% from 2023

Total participants

153

-4.4% from 2023

Average account balance

$112,214

+24.0% from 2023

Annual return

13.86%

-5.66 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.91M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

124

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.

71.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9 years Service code 13 · EIN 42-0127290	Contract Administrator	$15,701
TBS AGENCY INC8 years Service code 49 · EIN 52-1473914	Other Services	$1,380

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

$16K

$154 / participant

Contract admin$16K100.0%

% of EOY assets

0.113%

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: ANDERS MINKLER HUBER AND HELM LLP
Auditor EIN: 430831507
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,214

$101,672+10.4%

$147,117-23.7%

$74,478+50.7%

Participation rate

71.6%

75.5%-4.0pp

82.2%-10.6pp

67.2%+4.3pp

Annual return

13.86%

8757.83%-8744.0pp

420.54%-406.7pp

1370.56%-1356.7pp

Employer contribution / active EE

$3,813-100.0%

$4,932-100.0%

$2,626-100.0%

Participant deferral / active EE

$14,167

$7,305+93.9%

$8,065+75.7%

$4,350+225.6%

Admin fee / account holder

$127

$1,753-92.8%

$12,993-99.0%

$1,946-93.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9 years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,701

TBS AGENCY INC8 years

Service code 49 · EIN 52-1473914

Other Services

$1,380

SOAPROJECTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOAPROJECTS 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