Retirement plan

CERVIN VENTURES MANAGEMENT,LLC 401(K) PROFIT SHARING PLAN

Name: CERVIN VENTURES MANAGEMENT, L.L.C. - CERVIN VENTURES MANAGEMENT,LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CERVIN VENTURES MANAGEMENT, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CERVIN VENTURES MANAGEMENT,LLC 401(K) PROFIT SHARING PLAN, CERVIN VENTURES MANAGEMENT, L.L.C.

CERVIN VENTURES MANAGEMENT, L.L.C.EIN 45-2585836Plan #002PY 2023

820 RAMONA STREET, SUITE 200 - PALO ALTO, CA 94301408-508-1452

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$962K

+65.5% from 2022

Total participants

+66.7% from 2022

Average account balance

$96,227

-0.7% from 2022

Annual return

26.76%

+45.78 pp from 2022

Benchmarks

See 36,154 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,154 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+18.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$600 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.436%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,227

$185,905-48.2%

$170,057-43.4%

$139,487-31.0%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

26.76%

60.56%-33.8pp

53.42%-26.7pp

373.84%-347.1pp

Employer contribution / active EE

$9,039

$7,597+19.0%

$6,790+33.1%

$4,755+90.1%

Participant deferral / active EE

$23,132

$11,627+99.0%

$10,411+122.2%

$6,713+244.6%

Admin fee / account holder

$420

$15,397-97.3%

$12,826-96.7%

$11,407-96.3%

CERVIN VENTURES MANAGEMENT,LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CERVIN VENTURES MANAGEMENT,LLC 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