Retirement plan

TRUSTARC 401(K) PLAN

Name: TRUSTARC, INC. - TRUSTARC 401(K) PLAN (2023) Form 5500
Creator: TRUSTARC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRUSTARC 401(K) PLAN, TRUSTARC, INC.

TRUSTARC, INC.EIN 26-2867451Plan #001PY 2023

2121 N CALIFORNIA BLVD, SUITE 290 - WALNUT CREEK, CA 94596415-520-3439trustarc.comLinkedIn201-500 employeescomputer software

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.6M

+0.2% from 2022

Total participants

111

-15.3% from 2022

Average account balance

$97,092

+18.6% from 2022

Annual return

16.75%

+35.40 pp from 2022

Benchmarks

See 3,174 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,174 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.43M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

110

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$810K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$421

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
FIRST REPUBLIC INVESTMENT MGMT3 years Filed as: FIRST REPUBLIC Service code 15 111 PINE STREET STREET · SAN FRANCISCO, CA 94111	Recordkeeping	$32,329
NEWPORT GROUP, INC.3 years Service code 59 · EIN 27-2037969	Shareholder Servicing	$12,713

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$45K

$866 / participant

Recordkeeping$5K11.7%
Investment mgmt$32K71.8%
Contract admin$7K16.6%

% of EOY assets

0.426%

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: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,092

$68,412+41.9%

$94,679+2.5%

$75,181+29.1%

Participation rate

96.2%

76.1%+20.1pp

80.8%+15.3pp

67.2%+29.0pp

Annual return

16.75%

616.91%-600.2pp

156.75%-140.0pp

160.69%-143.9pp

Employer contribution / active EE

$2,701-100.0%

$3,673-100.0%

$2,671-100.0%

Participant deferral / active EE

$15,387

$6,537+135.4%

$7,417+107.4%

$4,126+272.9%

Admin fee / account holder

$413

$5,326-92.2%

$7,233-94.3%

$5,650-92.7%

Provider

Service type

Compensation

FIRST REPUBLIC INVESTMENT MGMT3 years

Filed as: FIRST REPUBLIC

Service code 15

111 PINE STREET STREET · SAN FRANCISCO, CA 94111

Recordkeeping

$32,329

NEWPORT GROUP, INC.3 years

Service code 59 · EIN 27-2037969

Shareholder Servicing

$12,713

TRUSTARC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRUSTARC 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