Retirement plan

CALIFORNIA FAUCETS, INC. 401(K) PROFIT SHARING PLAN

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

CALIFORNIA FAUCETS, INC.EIN 33-0294654Plan #001PY 2024

5271 ARGOSY DRIVE - HUNTINGTON BEACH, CA 926491015714-891-7797calfaucets.comLinkedIn51-200 employeesbuilding materials

Prospect flagsLow returnsHigh cashLow assets / participant

How to read this page

Total assets (EOY)

$9M

+30.5% from 2023

Total participants

281

+9.8% from 2023

Average account balance

$32,024

+18.8% from 2023

Annual return

10.78%

-3.89 pp from 2023

Benchmarks

See 2,349 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,349 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.97M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

280

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 4 by compensation

Provider	Service type	Compensation
PACIFIC BENEFIT SERVICES5 years Filed as: PACIFIC BENEFIT SERVICES, INC. Service code 70 · EIN 95-4746986	Consulting Fees	$21,800
CALIBER AUDIT & ATTEST5 years Filed as: CALIBER AUDIT AND ATTEST LLP Service code 10 · EIN 26-2350873	Accounting	$20,000
THE VANGUARD GROUP, INC.5 years Filed as: THE VANGUARD GROUP Service code 15 · EIN 23-1945930	Recordkeeping	$13,518
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 19 6320 CANOGA AVENUE · WOODLAND HILLS, CA 91367	Securities Custodian	$11,757

Plan features & details

Pension benefit codes2A2E2H2J2K3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$68K

$295 / participant

Recordkeeping$14K19.8%
Investment mgmt$12K17.3%
Contract admin$23K33.6%
Other / not subdivided$20K29.3%

% of EOY assets

0.760%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBER AUDIT AND ATTEST LLP
Auditor EIN: 262350873
Audit fees: $20,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,024

$88,137-63.7%

$164,975-80.6%

$74,429-57.0%

Participation rate

99.6%

73.1%+26.4pp

78.6%+21.0pp

67.2%+32.4pp

Annual return

10.78%

17.13%-6.3pp

70.12%-59.3pp

1368.38%-1357.6pp

Employer contribution / active EE

$3,805

$2,597+46.5%

$4,343-12.4%

$2,625+45.0%

Participant deferral / active EE

$2,762

$4,501-38.6%

$6,033-54.2%

$4,348-36.5%

Admin fee / account holder

$243

$2,231-89.1%

$12,688-98.1%

$1,944-87.5%

Provider

Service type

Compensation

PACIFIC BENEFIT SERVICES5 years

Filed as: PACIFIC BENEFIT SERVICES, INC.

Service code 70 · EIN 95-4746986

Consulting Fees

$21,800

CALIBER AUDIT & ATTEST5 years

Filed as: CALIBER AUDIT AND ATTEST LLP

Service code 10 · EIN 26-2350873

Accounting

$20,000

THE VANGUARD GROUP, INC.5 years

Filed as: THE VANGUARD GROUP

Service code 15 · EIN 23-1945930

Recordkeeping

$13,518

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 19

6320 CANOGA AVENUE · WOODLAND HILLS, CA 91367

Securities Custodian

$11,757

CALIFORNIA FAUCETS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA FAUCETS, INC. 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