Retirement plan

RUGGERI-JENSEN-AZAR 401(K) RETIREMENT PLAN

Name: RUGGERI-JENSEN-AZAR - RUGGERI-JENSEN-AZAR 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: RUGGERI-JENSEN-AZAR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUGGERI-JENSEN-AZAR 401(K) RETIREMENT PLAN, RUGGERI-JENSEN-AZAR

RUGGERI-JENSEN-AZAREIN 77-0404780Plan #002PY 2023

4690 CHABOT DRIVE SUITE 200 - PLEASANTON, CA 94588925-227-9100

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$36M

+19.5% from 2022

Total participants

134

+1.5% from 2022

Average account balance

$333,605

+16.2% from 2022

Annual return

21.52%

+41.38 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.33M

Not enough data

1 years with asset history on file

Average account balance

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

$376K

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.

110

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.

69.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+21.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1122

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
VOYA RETIREMENT INSURANCE & ANNUITY7 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$104,159
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 · EIN 20-8764829	Other Commissions	$80,589

Plan features & details

Pension benefit codes2E2F2G2J3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$104K

$1021 / participant

Contract admin$104K100.0%
Other / not subdivided$500.0%

% of EOY assets

0.289%

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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$333,605

$54,729+509.6%

$86,235+286.9%

$71,529+366.4%

Participation rate

74.5%

60.1%+14.4pp

69.0%+5.6pp

67.9%+6.6pp

Annual return

21.52%

20.07%+1.5pp

1170.03%-1148.5pp

28.97%-7.5pp

Employer contribution / active EE

$6,620

$1,267+422.4%

$2,381+178.0%

$2,590+155.6%

Participant deferral / active EE

$7,403

$3,110+138.0%

$3,987+85.7%

$4,291+72.5%

Admin fee / account holder

$964

$1,921-49.8%

$6,856-85.9%

$1,588-39.3%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY7 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$104,159

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55 · EIN 20-8764829

Other Commissions

$80,589

RUGGERI-JENSEN-AZAR 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUGGERI-JENSEN-AZAR 401(K) RETIREMENT 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