Retirement plan

MURRIETA DEVELOPMENT CO., INC.401(K) PROFIT SHARING PLAN

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

MURRIETA DEVELOPMENT CO., INC.EIN 33-0313238Plan #001PY 2024

42540 RIO NEDO - TEMECULA, CA 92590951-719-1680LinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$4.5M assets

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$6.4M

+18.4% from 2023

Total participants

180

-4.3% from 2023

Average account balance

$36,486

+5.5% from 2023

Annual return

16.48%

-0.06 pp from 2023

Benchmarks

See 210 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort210 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.39M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

175

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$592K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$309

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 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Service code 15 · EIN 01-0233346	Recordkeeping	$2,801
COMMONWEALTH FINANCIAL NETWORK1 year Service code 26 · EIN 04-2675571 29 SAWYER ROAD · WALTHAM, MA 02453	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2G2J2F3D2T

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$54K

$505 / participant

Recordkeeping$27K49.2%
Investment mgmt$26K47.5%
Other / not subdivided$2K3.4%

% of EOY assets

0.846%

all-in expense ratio

Categories reported

2 / 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: PORTER & HUNT, LLP
Auditor EIN: 260526155
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,486

$113,016-67.7%

$103,476-64.7%

$74,495-51.0%

Participation rate

95.3%

80.8%+14.6pp

80.5%+14.8pp

67.2%+28.1pp

Annual return

16.48%

23.24%-6.8pp

23.90%-7.4pp

1364.94%-1348.5pp

Employer contribution / active EE

$2,382

$4,881-51.2%

$4,672-49.0%

$2,623-9.2%

Participant deferral / active EE

$3,154

$7,279-56.7%

$6,623-52.4%

$4,346-27.4%

Admin fee / account holder

$309

$1,709-81.9%

$9,413-96.7%

$1,942-84.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Service code 15 · EIN 01-0233346

Recordkeeping

$2,801

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 26 · EIN 04-2675571

29 SAWYER ROAD · WALTHAM, MA 02453

Advisory (Participants)

MURRIETA DEVELOPMENT CO., INC.401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURRIETA DEVELOPMENT CO., 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