Retirement plan

SMALL BUSINESS CONSULTING, INC. 401(K) PROFIT SHARING PLAN

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

SMALL BUSINESS CONSULTING, INC.EIN 20-2090943Plan #001PY 2024

5401 SCOTTS VALLEY DRIVE - SCOTTS VALLEY, CA 95066831-438-1440smallbusiness-consulting.comLinkedIn1-10 employeesmanagement consulting

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$186K

+109.7% from 2023

Total participants

+30.0% from 2023

Average account balance

$16,877

+90.7% from 2023

Annual return

15.20%

-15.02 pp from 2023

Benchmarks

See 143,415 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,415 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$186K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D3H

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).
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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$227 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.469%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,877

$160,070-89.5%

$147,117-88.5%

$145,897-88.4%

Participation rate

83.3%

84.0%-0.7pp

82.2%+1.1pp

80.3%+3.0pp

Annual return

15.20%

98.69%-83.5pp

420.54%-405.3pp

552.29%-537.1pp

Employer contribution / active EE

$2,461

$5,285-53.4%

$4,932-50.1%

$4,663-47.2%

Participant deferral / active EE

$4,740

$8,419-43.7%

$8,065-41.2%

$6,689-29.1%

Admin fee / account holder

$248

$15,035-98.4%

$12,993-98.1%

$13,390-98.1%

SMALL BUSINESS CONSULTING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMALL BUSINESS CONSULTING, INC. 401(K) PROFIT SHARING 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