Retirement plan

APOYO FINANCIERO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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

APOYO FINANCIERO, INC.EIN 20-5579499Plan #001PY 2024

ONE CONCORD CENTER, 2300 CLAYTON RD STE 1170 - CONCORD, CA 94520925-353-6079apoyofin.digitalLinkedIn201-500 employeesfinancial services

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$970K

+18.3% from 2023

Total participants

309

+31.5% from 2023

Average account balance

$5,392

+22.2% from 2023

Annual return

12.78%

-4.55 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$970K

Not enough data

1 years with asset history on file

Average account balance

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

$5K

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.

187

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$712

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY8 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$15,051
KESTRA INVESTMENT SERVICES LLC6 years Filed as: KESTRA FINANCIAL Service code 26 · EIN 35-2552359 5707 SOUTHWEST PKWY BLDG. 2 · AUSTIN, TX 78735	Advisory (Participants)	$4,491
PROFESSIONAL BENEFIT SERVICES6 years Service code 13 · EIN 93-0998477 1193 ROYVONNE AVE SE #22 · SALEM, OR 97302	Contract Administrator	$1,875

Plan features & details

Pension benefit codes2A2E2J2F2G3D2T

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.
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

4 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$21K

$176 / participant

Recordkeeping$2K8.8%
Investment mgmt$4K21.0%
Contract admin$15K70.3%

% of EOY assets

2.207%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COMYNS, SMITH, MCLEARY & DEAVER,LLP
Auditor EIN: 680307221
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,392

$60,504-91.1%

$81,882-93.4%

$74,478-92.8%

Participation rate

0.0%

62.9%-62.9pp

72.4%-72.4pp

67.2%-67.2pp

Annual return

12.78%

16.91%-4.1pp

779.47%-766.7pp

1370.56%-1357.8pp

Employer contribution / active EE

$32

$2,627-98.8%

$2,916-98.9%

$2,626-98.8%

Participant deferral / active EE

$679

$3,400-80.0%

$4,323-84.3%

$4,350-84.4%

Admin fee / account holder

$119

$1,492-92.0%

$7,360-98.4%

$1,946-93.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$15,051

KESTRA INVESTMENT SERVICES LLC6 years

Filed as: KESTRA FINANCIAL

Service code 26 · EIN 35-2552359

5707 SOUTHWEST PKWY BLDG. 2 · AUSTIN, TX 78735

Advisory (Participants)

$4,491

PROFESSIONAL BENEFIT SERVICES6 years

Service code 13 · EIN 93-0998477

1193 ROYVONNE AVE SE #22 · SALEM, OR 97302

Contract Administrator

$1,875

APOYO FINANCIERO, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APOYO FINANCIERO, INC. 401(K) PROFIT SHARING PLAN AND 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