Retirement plan

SO. CAL. SANDBAGS, INC. PREVAILING WAGE RETIREMENT PLAN

Name: SO. CAL. SANDBAGS, INC. - SO. CAL. SANDBAGS, INC. PREVAILING WAGE RETIREMENT PLAN (2024) Form 5500
Creator: SO. CAL. SANDBAGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SO. CAL. SANDBAGS, INC. PREVAILING WAGE RETIREMENT PLAN, SO. CAL. SANDBAGS, INC.

SO. CAL. SANDBAGS, INC.EIN 33-0649970Plan #004PY 2024

12620 BOSLEY LANE - CORONA, CA 92883951-277-3404

Other plans on this EIN

1 filing

#002Retirement-$2.8M assets

Prospect flagsLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

+25.4% from 2023

Total participants

196

+37.1% from 2023

Average account balance

$28,735

-1.2% from 2023

Annual return

15.47%

-0.16 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

$4.88M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

170

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$615K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 5 by compensation

Provider	Service type	Compensation
ACCELERATE INVESTMENT ADVISORS LLC2 years Service code 27 120 VANTIS DR. STE 330 · ALISO VIEJO, CA 92656	Advisory (Plan)	$21,296
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,500
ECONOMIC GROUP PENSION SERVICES6 years Filed as: ECONOMIC GROUP PENSION SERVICES INC Service code 13	Contract Administrator	$7,754
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,033
ECONOMIC GROUP PENSION SERVICES3 years Service code 13 207 WEST 25TH STEET 9TH FLOOR · NEW YORK, NY 10001	Contract Administrator	$2,139

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

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.
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 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$25K

$175 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.518%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SWENSON CORPORATION
Auditor EIN: 330305865
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,735

$88,137-67.4%

$164,975-82.6%

$74,429-61.4%

Participation rate

82.1%

73.1%+9.0pp

78.6%+3.5pp

67.2%+14.9pp

Annual return

15.47%

17.13%-1.7pp

70.12%-54.6pp

1368.38%-1352.9pp

Employer contribution / active EE

$2,937

$2,597+13.1%

$4,343-32.4%

$2,625+11.9%

Participant deferral / active EE

$1,303

$4,501-71.1%

$6,033-78.4%

$4,348-70.0%

Admin fee / account holder

$149

$2,231-93.3%

$12,688-98.8%

$1,944-92.3%

Provider

Service type

Compensation

ACCELERATE INVESTMENT ADVISORS LLC2 years

Service code 27

120 VANTIS DR. STE 330 · ALISO VIEJO, CA 92656

Advisory (Plan)

$21,296

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,500

ECONOMIC GROUP PENSION SERVICES6 years

Filed as: ECONOMIC GROUP PENSION SERVICES INC

Service code 13

Contract Administrator

$7,754

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,033

ECONOMIC GROUP PENSION SERVICES3 years

Service code 13

207 WEST 25TH STEET 9TH FLOOR · NEW YORK, NY 10001

Contract Administrator

$2,139

SO. CAL. SANDBAGS, INC. PREVAILING WAGE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SO. CAL. SANDBAGS, INC. PREVAILING WAGE RETIREMENT 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