Retirement plan

ZEST ANCHORS, LLC 401K PROFIT SHARING PLAN

Name: ZEST ANCHORS, LLC - ZEST ANCHORS, LLC 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: ZEST ANCHORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZEST ANCHORS, LLC 401K PROFIT SHARING PLAN, ZEST ANCHORS, LLC

ZEST ANCHORS, LLCEIN 27-1463784Plan #002PY 2018

2875 LOKER AVE E - CARLSBAD, CA 92010760-743-7744

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$14.5M

-7.7% from 2017

Total participants

284

+6.8% from 2017

Average account balance

$51,304

-21.7% from 2017

Annual return

-5.35%

-26.57 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.14M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

270

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$172

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
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393	Recordkeeping	$81,595
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS PCG Service code 27 · EIN 56-0276690	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2J2K3D

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).
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$89K

$475 / participant

Other / not subdivided$89K100.0%

% of EOY assets

0.617%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DUFFY KRUSPODIN, LLP
Auditor EIN: 954244393
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,304

$47,977+6.9%

$154,108-66.7%

$56,289-8.9%

Participation rate

98.9%

66.2%+32.8pp

83.0%+15.9pp

69.9%+29.1pp

Annual return

-5.35%

3.54%-8.9pp

735.21%-740.6pp

-9.96%+4.6pp

Employer contribution / active EE

$2,755

$2,169+27.0%

$5,298-48.0%

$2,111+30.5%

Participant deferral / active EE

$5,687

$2,392+137.8%

$5,081+11.9%

$3,350+69.8%

Admin fee / account holder

$317

$438-27.7%

$13,411-97.6%

$521-39.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$81,595

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS PCG

Service code 27 · EIN 56-0276690

Advisory (Plan)

ZEST ANCHORS, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZEST ANCHORS, LLC 401K PROFIT SHARING 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