Retirement plan

FPI MANAGEMENT, INC. 401(K) PLAN

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

FPI MANAGEMENT, INC.EIN 68-0217638Plan #002PY 2023

800 IRON POINT ROAD - FOLSOM, CA 95630916-357-5300fpimgt.comLinkedIn1001-5000 employeesreal estate

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$19.1M

+32.8% from 2022

Total participants

4,045

+9.0% from 2022

Average account balance

$23,291

+28.1% from 2022

Annual return

24.15%

+37.78 pp from 2022

Benchmarks

See 138 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort138 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.18M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

1,383

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.

22.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$814

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

+17.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 13 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$55,528
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC-RPCP Service code 13 · EIN 95-2834236 PO BOX 502533 · SAN DIEGO, CA 921502533	Contract Administrator	$52,066
CETERA ADVISOR NETWORKS LLC8 years Filed as: CETERA RETIREMENT PLAN SPECIALISTS Service code 13 · EIN 94-3324288 P.O. BOX 303 · ST CLOUD, MN 56302	Contract Administrator	$20,625
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE Service code 33 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Securities brokerage	$8,317
NATIONWIDE9+ years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 13 · EIN 31-4156830 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Contract Administrator	$1,663

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 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.

Expense breakdown

Schedule H Part II

Admin total

$100K

$26 / participant

Investment mgmt$100K100.0%

% of EOY assets

0.526%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,291

$50,574-53.9%

$169,397-86.3%

$80,169-70.9%

Participation rate

15.4%

67.8%-52.4pp

77.2%-61.7pp

72.9%-57.5pp

Annual return

24.15%

22.92%+1.2pp

406.23%-382.1pp

40.39%-16.2pp

Employer contribution / active EE

$1,693-99.5%

$4,013-99.8%

$2,978-99.7%

Participant deferral / active EE

$685

$4,164-83.5%

$6,223-89.0%

$5,016-86.3%

Admin fee / account holder

$123

$107+14.8%

$9,017-98.6%

$145-15.5%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 13 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$55,528

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC-RPCP

Service code 13 · EIN 95-2834236

PO BOX 502533 · SAN DIEGO, CA 921502533

Contract Administrator

$52,066

CETERA ADVISOR NETWORKS LLC8 years

Filed as: CETERA RETIREMENT PLAN SPECIALISTS

Service code 13 · EIN 94-3324288

P.O. BOX 303 · ST CLOUD, MN 56302

Contract Administrator

$20,625

IRON-CO-FID-COMPREHENSIVE2 years

Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE

Service code 33 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Securities brokerage

$8,317

NATIONWIDE9+ years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 13 · EIN 31-4156830

10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215

Contract Administrator

$1,663

FPI MANAGEMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FPI MANAGEMENT, 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