Retirement plan

SURFLINE WAVETRAK, INC. 401(K) PLAN

Name: SURFLINE WAVETRAK, INC. - SURFLINE WAVETRAK, INC. 401(K) PLAN (2022) Form 5500
Creator: SURFLINE WAVETRAK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SURFLINE WAVETRAK, INC. 401(K) PLAN, SURFLINE WAVETRAK, INC.

SURFLINE WAVETRAK, INC.EIN 33-0983121Plan #001PY 2022

300 PACIFIC COAST HWY, #310 - HUNTINGTON BEACH, CA 92648714-374-0556surfline.comLinkedIn51-200 employeesinternet

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$3.9M

-5.6% from 2021

Total participants

121

-2.4% from 2021

Average account balance

$36,139

-7.4% from 2021

Annual return

-21.24%

-56.39 pp from 2021

Benchmarks

See 3,133 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,133 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.69M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$846K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+22.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$3,355

Plan features & details

Pension benefit codes2E2F2G2J2T3H3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$36 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.086%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,139

$59,107-38.9%

$86,439-58.2%

$68,495-47.2%

Participation rate

85.9%

75.2%+10.6pp

80.3%+5.5pp

67.9%+18.0pp

Annual return

-21.24%

-0.23%-21.0pp

4395.55%-4416.8pp

-7.84%-13.4pp

Employer contribution / active EE

$3,153

$2,519+25.2%

$3,769-16.3%

$2,596+21.4%

Participant deferral / active EE

$8,937

$5,901+51.4%

$6,952+28.6%

$4,028+121.9%

Admin fee / account holder

$31

$5,637-99.4%

$6,732-99.5%

$5,403-99.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$3,355

SURFLINE WAVETRAK, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SURFLINE WAVETRAK, 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