Retirement plan

CLOUDFIT SOFTWARE LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: CLOUDFIT SOFTWARE LLC - CLOUDFIT SOFTWARE LLC 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: CLOUDFIT SOFTWARE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLOUDFIT SOFTWARE LLC 401(K) PROFIT SHARING PLAN AND TRUST, CLOUDFIT SOFTWARE LLC

CLOUDFIT SOFTWARE LLCEIN 20-8203380Plan #001PY 2020

9674 258TH AVE NE - REDMOND, WA 98053502-709-7176cloudfitsoftware.comLinkedIn51-200 employeescomputer software

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$4.7M

+193.2% from 2019

Total participants

149

+16.4% from 2019

Average account balance

$38,987

+139.4% from 2019

Annual return

104.40%

+35.82 pp from 2019

Benchmarks

See 909 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort909 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.70M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

232

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

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

+19.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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
LT TRUST COMPANY1 year Filed as: LT TRUST Service code 15 · EIN 61-1607607 PO BOX 5508 · DENVER, CO 80217	Recordkeeping	$14,815
HUMAN INTEREST ADVISOR LLC1 year Filed as: HUMAN INTEREST ADVISORS LLC Service code 13 · EIN 47-4307706 300 MONTGOMERY ST. SUITE 350 · SAN FRANCISCO, CA 94101	Contract Administrator	$1,794

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$15K

$115 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.317%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,987

$66,813-41.6%

$100,535-61.2%

$73,497-47.0%

Participation rate

77.5%

77.5%+0.1pp

79.4%-1.9pp

70.7%+6.8pp

Annual return

104.40%

25.70%+78.7pp

30.90%+73.5pp

28.51%+75.9pp

Employer contribution / active EE

$3,526

$2,147+64.2%

$3,419+3.1%

$2,270+55.3%

Participant deferral / active EE

$7,156

$5,883+21.6%

$6,271+14.1%

$3,740+91.4%

Admin fee / account holder

$123

$512-75.9%

$8,085-98.5%

$513-75.9%

Provider

Service type

Compensation

LT TRUST COMPANY1 year

Filed as: LT TRUST

Service code 15 · EIN 61-1607607

PO BOX 5508 · DENVER, CO 80217

Recordkeeping

$14,815

HUMAN INTEREST ADVISOR LLC1 year

Filed as: HUMAN INTEREST ADVISORS LLC

Service code 13 · EIN 47-4307706

300 MONTGOMERY ST. SUITE 350 · SAN FRANCISCO, CA 94101

Contract Administrator

$1,794

CLOUDFIT SOFTWARE LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLOUDFIT SOFTWARE LLC 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