Retirement plan

SILICON VALLEY MECHANICAL, INC. 401(K) PLAN

Name: SILICON VALLEY MECHANICAL, INC. - SILICON VALLEY MECHANICAL, INC. 401(K) PLAN (2023) Form 5500
Creator: SILICON VALLEY MECHANICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILICON VALLEY MECHANICAL, INC. 401(K) PLAN, SILICON VALLEY MECHANICAL, INC.

SILICON VALLEY MECHANICAL, INC.EIN 46-4540945Plan #001PY 2023

2115 RINGWOOD AVENUE - SAN JOSE, CA 95131408-943-0380

Other plans on this EIN

1 filing

#002Retirement-$4.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.5M

+31.8% from 2022

Total participants

158

+14.5% from 2022

Average account balance

$122,949

+26.9% from 2022

Annual return

14.88%

+33.40 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.37M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

148

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+26.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 99 · EIN 47-1411118	Other Fees	$32,093
QUINTES ADMIN AND INSURANCE SVC1 year Filed as: QUINTES ADMINISTRATIVE AND INSURANC Service code 49 1961 MAIN ST #151 · WATSONVILLE, CA 95076	Other Services	$6,570
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMEN MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$6,224

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$104 / participant

Contract admin$14K100.0%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BFBA, LLP
Auditor EIN: 680000424
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,949

$76,696+60.3%

$96,538+27.4%

$71,529+71.9%

Participation rate

82.6%

66.6%+16.0pp

74.3%+8.3pp

67.9%+14.7pp

Annual return

14.88%

48.32%-33.4pp

35.74%-20.9pp

28.97%-14.1pp

Employer contribution / active EE

$6,594

$3,032+117.5%

$3,740+76.3%

$2,590+154.6%

Participant deferral / active EE

$10,806

$3,770+186.6%

$4,880+121.4%

$4,291+151.8%

Admin fee / account holder

$107

$2,030-94.7%

$6,737-98.4%

$1,588-93.3%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 99 · EIN 47-1411118

Other Fees

$32,093

QUINTES ADMIN AND INSURANCE SVC1 year

Filed as: QUINTES ADMINISTRATIVE AND INSURANC

Service code 49

1961 MAIN ST #151 · WATSONVILLE, CA 95076

Other Services

$6,570

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMEN MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$6,224

SILICON VALLEY MECHANICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILICON VALLEY MECHANICAL, 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