Retirement plan

BURBANK HOUSING MANAGEMENT CORPORATION TAX DEFERRED ANNUITY

Name: BURBANK HOUSING MANAGEMENT CORPORATION - BURBANK HOUSING MANAGEMENT CORPORATION TAX DEFERRED ANNUITY (2024) Form 5500
Creator: BURBANK HOUSING MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURBANK HOUSING MANAGEMENT CORPORATION TAX DEFERRED ANNUITY, BURBANK HOUSING MANAGEMENT CORPORATION

BURBANK HOUSING MANAGEMENT CORPORATIONEIN 68-0328717Plan #001PY 2024

1425 CORPORATE CENTER PARKWAY - SANTA ROSA, CA 95407707-303-1002LinkedIn51-200 employeesreal estate

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.2M

+15.0% from 2023

Total participants

214

+26.6% from 2023

Average account balance

$33,321

+1.5% from 2023

Annual return

10.40%

-32.97 pp from 2023

Benchmarks

See 1,090 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,090 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.23M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

187

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$697K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 2 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP1 year Filed as: ABG CONSULTANTS Service code 27 6975 S UNION PARK CTR, STE 644 · MIDVALE, UT 84047	Advisory (Plan)	$26,374
PCS RETIREMENT, LLC1 year Filed as: PCS RETIREMENT LLC Service code 15 · EIN 23-3038464	Recordkeeping	$18,606

Plan features & details

Pension benefit codes2L2K2F2G2E3D

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$45K

$242 / participant

Recordkeeping$19K41.4%
Investment mgmt$26K58.6%

% of EOY assets

0.723%

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: LINDQUIST VON HUSEN & JOYCE LLP
Auditor EIN: 941250261
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,321

$73,532-54.7%

$178,505-81.3%

$74,478-55.3%

Participation rate

85.5%

66.6%+18.9pp

77.1%+8.4pp

67.2%+18.3pp

Annual return

10.40%

17.49%-7.1pp

27.16%-16.8pp

1370.56%-1360.2pp

Employer contribution / active EE

$1,415

$2,221-36.3%

$3,955-64.2%

$2,626-46.1%

Participant deferral / active EE

$2,332

$4,519-48.4%

$6,280-62.9%

$4,350-46.4%

Admin fee / account holder

$241

$1,813-86.7%

$10,428-97.7%

$1,946-87.6%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP1 year

Filed as: ABG CONSULTANTS

Service code 27

6975 S UNION PARK CTR, STE 644 · MIDVALE, UT 84047

Advisory (Plan)

$26,374

PCS RETIREMENT, LLC1 year

Filed as: PCS RETIREMENT LLC

Service code 15 · EIN 23-3038464

Recordkeeping

$18,606

BURBANK HOUSING MANAGEMENT CORPORATION TAX DEFERRED ANNUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURBANK HOUSING MANAGEMENT CORPORATION TAX DEFERRED ANNUITY

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