Retirement plan

GEORGES AT THE COVE, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: GEORGES AT THE COVE, INC. - GEORGES AT THE COVE, INC. 401(K) RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: GEORGES AT THE COVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEORGES AT THE COVE, INC. 401(K) RETIREMENT SAVINGS PLAN, GEORGES AT THE COVE, INC.

GEORGES AT THE COVE, INC.EIN 33-0031916Plan #001PY 2015

1250 PROSPECT STREET - LA JOLLA, CA 92037619-454-4244

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$654K

No prior year

Total participants

138

No prior year

Average account balance

$9,625

No prior year

Annual return

-3.45%

No prior year

Benchmarks

See 801 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort801 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$756K

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

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.

64.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$988

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1904

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

0 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
NATIONWIDE1+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$14,684
SAN DIEGO PENSION CONSULTANTS1+ years Service code 13 · EIN 88-0311232 5628 COPLEY DR · SAN DIEGO, CA 92111	Contract Administrator	$7,128
WEDBUSH SECURITIES INC.1+ years Filed as: WEDBUSH SECURITIES, INC. Service code 53 · EIN 98-0186363 1000 WILSHIRE BLVD. · LOS ANGELES, CA 90017	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$206 / participant

Investment mgmt$15K67.3%
Contract admin$7K32.7%

% of EOY assets

3.333%

all-in expense ratio

Categories reported

2 / 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: MATRANGA & COMPANY CPAS
Auditor EIN: 201147648
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,625

$26,805-64.1%

$59,496-83.8%

$52,331-81.6%

Participation rate

34.0%

39.3%-5.4pp

54.6%-20.6pp

68.1%-34.1pp

Annual return

-3.45%

2.61%-6.1pp

182.05%-185.5pp

4.54%-8.0pp

Employer contribution / active EE

$450-100.0%

$1,153-100.0%

$1,882-100.0%

Participant deferral / active EE

$386

$916-57.9%

$1,829-78.9%

$3,022-87.2%

Admin fee / account holder

$321

$305+5.2%

$2,232-85.6%

$592-45.8%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$14,684

SAN DIEGO PENSION CONSULTANTS1+ years

Service code 13 · EIN 88-0311232

5628 COPLEY DR · SAN DIEGO, CA 92111

Contract Administrator

$7,128

WEDBUSH SECURITIES INC.1+ years

Filed as: WEDBUSH SECURITIES, INC.

Service code 53 · EIN 98-0186363

1000 WILSHIRE BLVD. · LOS ANGELES, CA 90017

Insurance Commissions

GEORGES AT THE COVE, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEORGES AT THE COVE, INC. 401(K) RETIREMENT SAVINGS 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