Retirement plan

SAN JOAQUIN RIVER EXCHANGE CONTRACTORS WATER AUTHORITY MONEY PURCHASE PLAN

Name: SAN JOAQUIN RIVER EXCHANGE CONTRACT AUTHORITY - SAN JOAQUIN RIVER EXCHANGE CONTRACTORS WATER AUTHORITY MONEY PURCHASE PLAN (2023) Form 5500
Creator: SAN JOAQUIN RIVER EXCHANGE CONTRACT AUTHORITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAN JOAQUIN RIVER EXCHANGE CONTRACTORS WATER AUTHORITY MONEY PURCHASE PLAN, SAN JOAQUIN RIVER EXCHANGE CONTRACT AUTHORITY

SAN JOAQUIN RIVER EXCHANGE CONTRACT AUTHORITYEIN 77-0334483Plan #001PY 2023

P.O. BOX 2115 - LOS BANOS, CA 936352115209-827-8616LinkedIn11-50 employees

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+19.3% from 2022

Total participants

0.0% from 2022

Average account balance

$371,732

+19.3% from 2022

Annual return

14.03%

+28.77 pp from 2022

Benchmarks

See 6,332 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,332 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.60M

Not enough data

1 years with asset history on file

Average account balance

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

$371K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$126K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2922

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes3D2C2G2F

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$20K

$3409 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.917%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$371,732

$141,001+163.6%

$112,228+231.2%

$139,487+166.5%

Participation rate

100.0%

79.2%+20.8pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

14.03%

32.75%-18.7pp

30.23%-16.2pp

373.84%-359.8pp

Employer contribution / active EE

$19,842

$4,285+363.1%

$3,432+478.2%

$4,755+317.3%

Participant deferral / active EE

$5,877-100.0%

$4,800-100.0%

$6,713-100.0%

Admin fee / account holder

$3,409

$9,959-65.8%

$7,752-56.0%

$11,407-70.1%

SAN JOAQUIN RIVER EXCHANGE CONTRACTORS WATER AUTHORITY MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAN JOAQUIN RIVER EXCHANGE CONTRACTORS WATER AUTHORITY MONEY PURCHASE 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