Retirement plan

NORTH SAN DIEGO BUSINESS CHAMBER 401(K) PLAN

Name: NORTH SAN DIEGO BUSINESS CHAMBER - NORTH SAN DIEGO BUSINESS CHAMBER 401(K) PLAN (2024) Form 5500
Creator: NORTH SAN DIEGO BUSINESS CHAMBER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH SAN DIEGO BUSINESS CHAMBER 401(K) PLAN, NORTH SAN DIEGO BUSINESS CHAMBER

NORTH SAN DIEGO BUSINESS CHAMBEREIN 20-3185588Plan #001PY 2024

10875 RANCHO BERNARDO ROAD, SUITE 104 - SAN DIEGO, CA 92127858-487-1767sdbusinesschamber.comLinkedIn1-10 employeesgovernment administration

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$280K

+18.7% from 2023

Total participants

+20.0% from 2023

Average account balance

$56,019

-5.1% from 2023

Annual return

11.28%

-5.51 pp from 2023

Benchmarks

See 479 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort479 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$280K

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3619

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 codes3D2J2F2G2T

Plan features

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$18K

$6031 / participant

Other / not subdivided$18K100.0%

% of EOY assets

6.460%

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

$56,019

$85,094-34.2%

$76,327-26.6%

$145,884-61.6%

Participation rate

66.7%

82.9%-16.2pp

79.2%-12.6pp

80.3%-13.6pp

Annual return

11.28%

13.13%-1.8pp

13.79%-2.5pp

551.85%-540.6pp

Employer contribution / active EE

$3,864

$5,261-26.6%

$4,584-15.7%

$4,662-17.1%

Participant deferral / active EE

$6,545

$6,390+2.4%

$5,478+19.5%

$6,690-2.2%

Admin fee / account holder

$3,619

$5,773-37.3%

$5,139-29.6%

$13,392-73.0%

NORTH SAN DIEGO BUSINESS CHAMBER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH SAN DIEGO BUSINESS CHAMBER 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