Retirement plan

INVOCA, INC. 401(K) PROFIT SHARING PLAN & TRUST

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

INVOCA, INC.EIN 26-4390865Plan #001PY 2023

419 STATE STREET - SANTA BARBARA, CA 93101888-675-2007invoca.comLinkedIn201-500 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$37.6M

+41.6% from 2022

Total participants

483

-7.8% from 2022

Average account balance

$85,966

+47.4% from 2022

Annual return

23.29%

+27.09 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.52M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

454

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+18.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$70,854
RESOURCES INVESTMENT ADVISORS LLC3 years Service code 27 · EIN 43-1451524	Advisory (Plan)	$58,079

Plan features & details

Pension benefit codes2K2T2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$129K

$363 / participant

Recordkeeping$71K55.0%
Investment mgmt$58K45.0%

% of EOY assets

0.343%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOYUM BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,966

$95,417-9.9%

$135,974-36.8%

$74,460+15.5%

Participation rate

87.0%

78.2%+8.8pp

81.9%+5.1pp

70.7%+16.3pp

Annual return

23.29%

32.76%-9.5pp

68.30%-45.0pp

34.38%-11.1pp

Employer contribution / active EE

$5,391

$3,878+39.0%

$4,859+11.0%

$2,638+104.4%

Participant deferral / active EE

$13,172

$7,789+69.1%

$7,760+69.7%

$4,530+190.8%

Admin fee / account holder

$295

$266+10.9%

$10,767-97.3%

$348-15.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$70,854

RESOURCES INVESTMENT ADVISORS LLC3 years

Service code 27 · EIN 43-1451524

Advisory (Plan)

$58,079

INVOCA, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INVOCA, INC. 401(K) PROFIT SHARING PLAN & 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