Retirement plan

SOUTHGATE GLASS & SCREEN 401(K) PROFIT SHARING PLAN

Name: SOUTHGATE GLASS & SCREEN - SOUTHGATE GLASS & SCREEN 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SOUTHGATE GLASS & SCREEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHGATE GLASS & SCREEN 401(K) PROFIT SHARING PLAN, SOUTHGATE GLASS & SCREEN

SOUTHGATE GLASS & SCREENEIN 68-0384486Plan #001PY 2023

6199 WAREHOUSE WAY - SACRAMENTO, CA 95826916-480-0303LinkedIn51-200 employeesbuilding materials

Prospect flagsHigh cashLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.5M

+34.5% from 2022

Total participants

279

+10.3% from 2022

Average account balance

$28,054

+34.5% from 2022

Annual return

18.32%

+35.65 pp from 2022

Benchmarks

See 2,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,285 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.02M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

225

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$768K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 1 by compensation

Provider	Service type	Compensation
ALLWORTH FINANCIAL4 years Service code 26 3017 DOUGLAS BLVD., STE. 140 · ROSEVILLE, CA 95661	Advisory (Participants)	$17,354

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2S3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$96 / participant

Contract admin$19K100.0%

% of EOY assets

0.419%

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: CAMPBELL TAYLOR WASHBURN
Auditor EIN: 680251243
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,054

$54,717-48.7%

$86,209-67.5%

$71,495-60.8%

Participation rate

39.3%

60.1%-20.8pp

69.0%-29.7pp

67.9%-28.6pp

Annual return

18.32%

20.07%-1.7pp

1169.05%-1150.7pp

28.85%-10.5pp

Employer contribution / active EE

$1,007

$1,267-20.5%

$2,381-57.7%

$2,589-61.1%

Participant deferral / active EE

$2,045

$3,110-34.2%

$3,986-48.7%

$4,291-52.3%

Admin fee / account holder

$117

$1,922-93.9%

$6,853-98.3%

$1,588-92.6%

Provider

Service type

Compensation

ALLWORTH FINANCIAL4 years

Service code 26

3017 DOUGLAS BLVD., STE. 140 · ROSEVILLE, CA 95661

Advisory (Participants)

$17,354

SOUTHGATE GLASS & SCREEN 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHGATE GLASS & SCREEN 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