Retirement plan

FNTECH 401(K) PROFIT SHARING PLAN

Name: FN TECH - FNTECH 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FN TECH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FNTECH 401(K) PROFIT SHARING PLAN, FN TECH

FN TECHEIN 27-2492807Plan #001PY 2024

3000 W SEGERSTROM AVENUE - SANTA ANA, CA 92704714-429-7833

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.9M

+34.1% from 2023

Total participants

132

-6.4% from 2023

Average account balance

$44,805

+41.2% from 2023

Annual return

16.47%

-2.61 pp from 2023

Benchmarks

See 1,425 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,425 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.87M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

131

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$872K

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

+16.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 Filed as: WELLS FARGO ADVISORS Service code 26 ONE NORTH JEFFERSON AVE. · ST. LOUIS, MO 63103	Advisory (Participants)	$24,785
JULY BUSINESS SERVICES4 years Filed as: JULY BUSINESS SERVICES, LLC Service code 15 · EIN 74-2715820 P.O. BOX 2208 · WACO, TX 76703	Recordkeeping	$2,635

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$29K

$260 / participant

Recordkeeping$3K9.0%
Investment mgmt$25K85.0%
Other / not subdivided$2K5.9%

% of EOY assets

0.497%

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: MM & COMPANY LLP
Auditor EIN: 364824950
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,805

$44,984-0.4%

$85,009-47.3%

$74,546-39.9%

Participation rate

99.1%

49.4%+49.7pp

67.5%+31.6pp

67.2%+31.9pp

Annual return

16.47%

26.25%-9.8pp

66.47%-50.0pp

1366.03%-1349.6pp

Employer contribution / active EE

$2,922

$1,458+100.4%

$2,728+7.1%

$2,624+11.3%

Participant deferral / active EE

$4,860

$2,733+77.8%

$4,522+7.5%

$4,347+11.8%

Admin fee / account holder

$223

$2,208-89.9%

$6,153-96.4%

$1,944-88.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO ADVISORS

Service code 26

ONE NORTH JEFFERSON AVE. · ST. LOUIS, MO 63103

Advisory (Participants)

$24,785

JULY BUSINESS SERVICES4 years

Filed as: JULY BUSINESS SERVICES, LLC

Service code 15 · EIN 74-2715820

P.O. BOX 2208 · WACO, TX 76703

Recordkeeping

$2,635

FNTECH 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FNTECH 401(K) 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