Retirement plan

JOHN BOYD ENTERPRISES INC PROFIT SHARING 401K PLAN & TRUST

Name: JOHN BOYD ENTERPRISES INC - JOHN BOYD ENTERPRISES INC PROFIT SHARING 401K PLAN & TRUST (2023) Form 5500
Creator: JOHN BOYD ENTERPRISES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN BOYD ENTERPRISES INC PROFIT SHARING 401K PLAN & TRUST, JOHN BOYD ENTERPRISES INC

JOHN BOYD ENTERPRISES INCEIN 68-0033959Plan #004PY 2023

8401 SPECIALTY CIRCLE - SACRAMENTO, CA 95828916-381-4791LinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.3M

+13.4% from 2022

Total participants

205

+10.2% from 2022

Average account balance

$164,324

+14.2% from 2022

Annual return

17.89%

+32.28 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.17M

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

130

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.

51.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$179K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$746

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 5 by compensation

Provider	Service type	Compensation
HOYLECOHEN LLC9+ years Service code 27 350 CAMINO DE LA REINA STE 500 · SAN DIEGO, CA 92108	Advisory (Plan)	$50,848
CLIFTONLARSONALLEN LLP7 years Service code 99 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60423	Other Fees	$18,900
ASSOCIATED PENSION CONSULTANTS9+ years Service code 13 · EIN 94-2456320 2035 FOREST AVE · CHICO, CA 95926	Contract Administrator	$13,715
CALLINA LLP1 year Service code 10 925 HIGHLAND POINTE DR STE 450 · ROSEVILLE, CA 95678	Accounting	$6,300
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DR · IRVINE, CA 92618	Recordkeeping Fees	$2,060

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$92K

$651 / participant

Recordkeeping$14K14.9%
Investment mgmt$53K57.6%
Other / not subdivided$25K27.4%

% of EOY assets

0.411%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $25,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$164,324

$76,112+115.9%

$96,544+70.2%

$71,529+129.7%

Participation rate

51.1%

74.4%-23.3pp

76.0%-24.9pp

67.9%-16.9pp

Annual return

17.89%

22.80%-4.9pp

25.88%-8.0pp

28.97%-11.1pp

Employer contribution / active EE

$2,248-100.0%

$2,966-100.0%

$2,590-100.0%

Participant deferral / active EE

$1,518

$4,217-64.0%

$4,851-68.7%

$4,291-64.6%

Admin fee / account holder

$675

$2,708-75.1%

$8,254-91.8%

$1,588-57.5%

Provider

Service type

Compensation

HOYLECOHEN LLC9+ years

Service code 27

350 CAMINO DE LA REINA STE 500 · SAN DIEGO, CA 92108

Advisory (Plan)

$50,848

CLIFTONLARSONALLEN LLP7 years

Service code 99

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60423

Other Fees

$18,900

ASSOCIATED PENSION CONSULTANTS9+ years

Service code 13 · EIN 94-2456320

2035 FOREST AVE · CHICO, CA 95926

Contract Administrator

$13,715

CALLINA LLP1 year

Service code 10

925 HIGHLAND POINTE DR STE 450 · ROSEVILLE, CA 95678

Accounting

$6,300

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DR · IRVINE, CA 92618

Recordkeeping Fees

$2,060

JOHN BOYD ENTERPRISES INC PROFIT SHARING 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN BOYD ENTERPRISES INC PROFIT SHARING 401K PLAN & TRUST

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