Retirement plan

FIRST 5 SAN BENITO 401K PLAN

Name: FIRST 5 SAN BENITO - FIRST 5 SAN BENITO 401K PLAN (2023) Form 5500
Creator: FIRST 5 SAN BENITO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST 5 SAN BENITO 401K PLAN, FIRST 5 SAN BENITO

FIRST 5 SAN BENITOEIN 47-3675652Plan #001PY 2023

351 TRES PINOS RD. SUITE 100-A - HOLLISTER, CA 95023831-634-2046LinkedIn1-10 employeesgovernment administration

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$229K

+51.0% from 2022

Total participants

-8.3% from 2022

Average account balance

$20,849

+64.8% from 2022

Annual return

18.12%

+37.25 pp from 2022

Benchmarks

See 446 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort446 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$263K

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

250.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7230

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$21K

$4212 / participant

Other / not subdivided$21K100.0%

% of EOY assets

9.183%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,849

$77,730-73.2%

$70,164-70.3%

$139,434-85.0%

Participation rate

100.0%

83.2%+16.8pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

18.12%

18.98%-0.9pp

18.87%-0.8pp

372.94%-354.8pp

Employer contribution / active EE

$4,288

$4,990-14.1%

$4,2870%

$4,751-9.7%

Participant deferral / active EE

$7,850

$6,448+21.7%

$5,395+45.5%

$6,710+17.0%

Admin fee / account holder

$1,915

$5,368-64.3%

$4,561-58.0%

$11,403-83.2%

FIRST 5 SAN BENITO 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST 5 SAN BENITO 401K 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