Retirement plan

JOHN H. NORTHROP & ASSOCIATES, INC. 401(K) SAFE HARBOR PLAN

Name: JOHN H. NORTHROP & ASSOCIATES, INC. - JOHN H. NORTHROP & ASSOCIATES, INC. 401(K) SAFE HARBOR PLAN (2023) Form 5500
Creator: JOHN H. NORTHROP & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN H. NORTHROP & ASSOCIATES, INC. 401(K) SAFE HARBOR PLAN, JOHN H. NORTHROP & ASSOCIATES, INC.

JOHN H. NORTHROP & ASSOCIATES, INC.EIN 31-1779787Plan #002PY 2023

41444 PECAN CT., STE. 100 - CALIFORNIA, MD 20619301-866-0295

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.6M

+41.1% from 2022

Total participants

233

+22.0% from 2022

Average account balance

$53,892

+13.2% from 2022

Annual return

27.96%

-15.40 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.09M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

262

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

-0.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$359

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 3 by compensation

Provider	Service type	Compensation
KEEL POINT CAPITAL LLC2 years Filed as: KEEL POINT, LLC Service code 26 · EIN 20-0829010	Advisory (Participants)	$50,725
AMERITAS LIFE INSURANCE CORP1 year Service code 12 · EIN 47-0098400	Contract Administrator; Claims proces...	$6,703
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$2,933

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$400 / participant

Recordkeeping$5K7.5%
Trustee / custodial$3K4.9%
Investment mgmt$51K84.0%
Contract admin$2K3.6%

% of EOY assets

0.481%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BMSS, LLC
Auditor EIN: 461498870
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,892

$91,439-41.1%

$135,974-60.4%

$71,511-24.6%

Participation rate

100.0%

75.7%+24.3pp

81.9%+18.1pp

67.9%+32.1pp

Annual return

27.96%

29.90%-1.9pp

68.30%-40.3pp

28.86%-0.9pp

Employer contribution / active EE

$4,391

$3,705+18.5%

$4,859-9.6%

$2,589+69.6%

Participant deferral / active EE

$7,369

$7,093+3.9%

$7,760-5.0%

$4,291+71.7%

Admin fee / account holder

$259

$1,267-79.5%

$10,767-97.6%

$1,588-83.7%

Provider

Service type

Compensation

KEEL POINT CAPITAL LLC2 years

Filed as: KEEL POINT, LLC

Service code 26 · EIN 20-0829010

Advisory (Participants)

$50,725

AMERITAS LIFE INSURANCE CORP1 year

Service code 12 · EIN 47-0098400

Contract Administrator; Claims proces...

$6,703

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

$2,933

JOHN H. NORTHROP & ASSOCIATES, INC. 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN H. NORTHROP & ASSOCIATES, INC. 401(K) SAFE HARBOR 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