Retirement plan

SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN

Name: SOUTH BAY AQUATICS, INC. - SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: SOUTH BAY AQUATICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN, SOUTH BAY AQUATICS, INC.

SOUTH BAY AQUATICS, INC.EIN 56-2618832Plan #001PY 2016

2433 MORETON ST - TORRENCE, CA 90505310-977-8641southbayaquatics.orgLinkedIn11-50 employeessports

Other plans on this EIN

1 filing

#002Retirement-$364K assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$428K

+56.2% from 2015

Total participants

+22.7% from 2015

Average account balance

$8,559

+37.4% from 2015

Annual return

7.12%

+17.11 pp from 2015

Benchmarks

See 7,815 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,815 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.77M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

153.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1383

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 codes2E2F2G2J3D

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.
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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$17K

$450 / participant

Other / not subdivided$17K100.0%

% of EOY assets

3.994%

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

$8,559

$48,078-82.2%

$78,676-89.1%

$62,881-86.4%

Participation rate

89.5%

65.2%+24.3pp

73.6%+15.9pp

69.3%+20.2pp

Annual return

7.12%

31.36%-24.2pp

62.19%-55.1pp

20.14%-13.0pp

Employer contribution / active EE

$2,102

$2,015+4.3%

$2,850-26.3%

$2,281-7.9%

Participant deferral / active EE

$1,791

$2,587-30.8%

$3,517-49.1%

$3,203-44.1%

Admin fee / account holder

$342

$3,206-89.3%

$4,510-92.4%

$4,296-92.0%

SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH BAY AQUATICS, INC. 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