Retirement plan

QWIKRESPONSE RETIREMENT PLAN AND TRUST

Name: SOUTH COAST FUNDING GROUP, INC. DBA QWIKRESPONSE - QWIKRESPONSE RETIREMENT PLAN AND TRUST (2019) Form 5500
Creator: SOUTH COAST FUNDING GROUP, INC. DBA QWIKRESPONSE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QWIKRESPONSE RETIREMENT PLAN AND TRUST, SOUTH COAST FUNDING GROUP, INC. DBA QWIKRESPONSE

SOUTH COAST FUNDING GROUP, INC. DBA QWIKRESPONSEEIN 77-0149307Plan #001PY 2019

165 AERO CAMINO - GOLETA, CA 93117805-962-6626

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$792K

+29.6% from 2018

Total participants

249

+10.7% from 2018

Average account balance

$3,356

+17.6% from 2018

Annual return

16.72%

+27.76 pp from 2018

Benchmarks

See 15,813 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,813 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 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
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$9,184
THE RYDING COMPANY2 years Service code 15 · EIN 95-3497679	Recordkeeping	$8,728

Plan features & details

Pension benefit codes2T2E2F2G2J3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$18K

$332 / participant

Investment mgmt$18K100.0%

% of EOY assets

2.262%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,356

$65,364-94.9%

$92,909-96.4%

$72,975-95.4%

Participation rate

75.9%

68.3%+7.6pp

76.0%-0.1pp

69.5%+6.4pp

Annual return

16.72%

42.11%-25.4pp

109.44%-92.7pp

81.01%-64.3pp

Employer contribution / active EE

$968

$2,594-62.7%

$3,653-73.5%

$2,440-60.3%

Participant deferral / active EE

$1,784

$3,128-43.0%

$4,238-57.9%

$3,608-50.5%

Admin fee / account holder

$76

$4,251-98.2%

$5,795-98.7%

$5,124-98.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$9,184

THE RYDING COMPANY2 years

Service code 15 · EIN 95-3497679

Recordkeeping

$8,728

QWIKRESPONSE RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QWIKRESPONSE RETIREMENT PLAN AND 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