Retirement plan

SUNRISE MANAGEMENT COMPANY 401(K) PLAN

Name: SAN DIEGO SUNRISE MANAGEMENT COMPANY - SUNRISE MANAGEMENT COMPANY 401(K) PLAN (2022) Form 5500
Creator: SAN DIEGO SUNRISE MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNRISE MANAGEMENT COMPANY 401(K) PLAN, SAN DIEGO SUNRISE MANAGEMENT COMPANY

SAN DIEGO SUNRISE MANAGEMENT COMPANYEIN 33-0147118Plan #001PY 2022

7837 CONVOY COURT, SUITE 100 - SAN DIEGO, CA 92111858-751-6320LinkedIn201-500 employeesreal estate

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.6M

-14.3% from 2021

Total participants

560

+5.3% from 2021

Average account balance

$11,539

-11.9% from 2021

Annual return

-16.83%

-31.03 pp from 2021

Benchmarks

See 645 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort645 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.11M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

421

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.

75.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$848K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PREMIER PLAN CONSULTANTS1 year Service code 13 · EIN 82-0986372 6125 FERRIS SQ STE 125 · SAN DIEGO, CA 92121	Contract Administrator	$4,200
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,660
PREMIER PLAN CONSULTANTS4 years Filed as: PREMIER PLAN CONSULTANTS INC Service code 13 · EIN 82-0986372 6125 FERRIS SQ STE 125 · SAN DIEGO, CA 92121	Contract Administrator	$1,125
TBS AGENCY INC6 years Service code 53 · EIN 52-1473914 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 525568757	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$8K

$19 / participant

Contract admin$8K100.0%

% of EOY assets

0.174%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,539

$50,458-77.1%

$159,960-92.8%

$64,808-82.2%

Participation rate

61.3%

68.0%-6.7pp

78.0%-16.6pp

71.5%-10.1pp

Annual return

-16.83%

-13.42%-3.4pp

408.60%-425.4pp

32.82%-49.7pp

Employer contribution / active EE

$1,722-100.0%

$4,226-100.0%

$2,506-100.0%

Participant deferral / active EE

$1,612

$4,004-59.7%

$6,182-73.9%

$4,310-62.6%

Admin fee / account holder

$20

$706-97.1%

$8,698-99.8%

$188-89.3%

Provider

Service type

Compensation

PREMIER PLAN CONSULTANTS1 year

Service code 13 · EIN 82-0986372

6125 FERRIS SQ STE 125 · SAN DIEGO, CA 92121

Contract Administrator

$4,200

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,660

PREMIER PLAN CONSULTANTS4 years

Filed as: PREMIER PLAN CONSULTANTS INC

Service code 13 · EIN 82-0986372

6125 FERRIS SQ STE 125 · SAN DIEGO, CA 92121

Contract Administrator

$1,125

TBS AGENCY INC6 years

Service code 53 · EIN 52-1473914

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 525568757

Insurance Commissions

SUNRISE MANAGEMENT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNRISE MANAGEMENT COMPANY 401(K) 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