Retirement plan

BOFI HOLDING, INC. 401(K) PLAN

Name: BOFI HOLDING, INC. - BOFI HOLDING, INC. 401(K) PLAN (2015) Form 5500
Creator: BOFI HOLDING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOFI HOLDING, INC. 401(K) PLAN, BOFI HOLDING, INC.

BOFI HOLDING, INC.EIN 33-0867444Plan #001PY 2015

4350 LA JOLLA VILLAGE DRIVE,, SUITE 140 - SAN DIEGO, CA 92122858-649-2000axosfinancial.comLinkedIn501-1000 employeesbanking

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$4.4M

No prior year

Total participants

537

No prior year

Average account balance

$15,892

No prior year

Annual return

21.75%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$127.34M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

2,301

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+27.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 8 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH1+ years Filed as: CAMBRIDGE INVESTMENTRESEARCH INC Service code 55	Other Commissions	$12,138
SAN DIEGO PENSION CONSULTANTS1+ years Filed as: SAN DIEGO PENSION CONSULTANTS, INC. Service code 13	Contract Administrator	$2,816
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,775
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,270
ASCENSUS LLC1+ years Filed as: MEANS & ASSOCIATES, LLC Service code 13 3131 CAMINO DEL RIO NORTH · SAN DIEGO, CA 92108	Contract Administrator	$715
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$109
CAMBRIDGE INVESTMENT RESEARCH1+ years Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 55 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Other Commissions	$0
SAN DIEGO PENSION CONSULTANTS1+ years Filed as: SAN DIEGO PENSIONCONSULTANTS, INC. Service code 13 5628 COPLEY DRIVE · SAN DIEGO, CA 92111	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$2K

$5 / participant

Contract admin$2K100.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

1 / 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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,892

$68,413-76.8%

$123,105-87.1%

$55,191-71.2%

Participation rate

46.4%

84.5%-38.1pp

86.8%-40.3pp

69.2%-22.7pp

Annual return

21.75%

6.30%+15.4pp

13.22%+8.5pp

10.78%+11.0pp

Employer contribution / active EE

$1,089

$3,050-64.3%

$5,151-78.9%

$1,899-42.7%

Participant deferral / active EE

$2,621

$4,490-41.6%

$6,229-57.9%

$3,046-14.0%

Admin fee / account holder

$88-90.4%

$9,014-99.9%

$91-90.7%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH1+ years

Filed as: CAMBRIDGE INVESTMENTRESEARCH INC

Service code 55

Other Commissions

$12,138

SAN DIEGO PENSION CONSULTANTS1+ years

Filed as: SAN DIEGO PENSION CONSULTANTS, INC.

Service code 13

Contract Administrator

$2,816

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,775

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,270

ASCENSUS LLC1+ years

Filed as: MEANS & ASSOCIATES, LLC

Service code 13

3131 CAMINO DEL RIO NORTH · SAN DIEGO, CA 92108

Contract Administrator

$715

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$109

CAMBRIDGE INVESTMENT RESEARCH1+ years

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC

Service code 55

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Other Commissions

SAN DIEGO PENSION CONSULTANTS1+ years

Filed as: SAN DIEGO PENSIONCONSULTANTS, INC.

Service code 13

5628 COPLEY DRIVE · SAN DIEGO, CA 92111

Contract Administrator

BOFI HOLDING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOFI HOLDING, INC. 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