Retirement plan

SEBASTIAN ENTERPRISES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN

Name: SEBASTIAN ENTERPRISES, INC. - SEBASTIAN ENTERPRISES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SEBASTIAN ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEBASTIAN ENTERPRISES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN, SEBASTIAN ENTERPRISES, INC.

SEBASTIAN ENTERPRISES, INC.EIN 77-0073615Plan #003PY 2022

7600 N. PALM - FRESNO, CA 937115520559-261-8252

Other plans on this EIN

1 filing

#002Retirement-$14.0M assets

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$6.5M

-21.4% from 2021

Total participants

186

-35.2% from 2021

Average account balance

$35,577

+21.7% from 2021

Annual return

-21.56%

-33.10 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.92M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

163

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 15 · EIN 52-1714114	Recordkeeping	$21,340
BRIDGEWEALTH ADVISORY GROUP2+ years Service code 26 · EIN 83-0769376 986 W. ALLUVIAL AVENUE, SUITE 101 · FRESNO, CA 93711	Advisory (Participants)	$7,627

Plan features & details

Pension benefit codes2E2G2J2S2T3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$433 / participant

Contract admin$37K100.0%

% of EOY assets

0.562%

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: FINCH, ROWLAND & SHOOPMAN, LLP
Auditor EIN: 770183229
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,577

$64,729-45.0%

$112,263-68.3%

$68,490-48.1%

Participation rate

97.6%

67.2%+30.5pp

75.1%+22.6pp

67.9%+29.8pp

Annual return

-21.56%

-11.40%-10.2pp

27.49%-49.1pp

-7.85%-13.7pp

Employer contribution / active EE

$13,602

$2,746+395.4%

$3,636+274.1%

$2,597+423.8%

Participant deferral / active EE

$892

$3,566-75.0%

$4,729-81.1%

$4,028-77.8%

Admin fee / account holder

$200

$5,222-96.2%

$6,410-96.9%

$5,403-96.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 15 · EIN 52-1714114

Recordkeeping

$21,340

BRIDGEWEALTH ADVISORY GROUP2+ years

Service code 26 · EIN 83-0769376

986 W. ALLUVIAL AVENUE, SUITE 101 · FRESNO, CA 93711

Advisory (Participants)

$7,627

SEBASTIAN ENTERPRISES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEBASTIAN ENTERPRISES, INC. PREVAILING WAGE 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