Retirement plan

SOLAIRUS AVIATION 401(K) PLAN

Name: SOLAIRUS AVIATION - SOLAIRUS AVIATION 401(K) PLAN (2016) Form 5500
Creator: SOLAIRUS AVIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLAIRUS AVIATION 401(K) PLAN, SOLAIRUS AVIATION

SOLAIRUS AVIATIONEIN 80-0319107Plan #001PY 2016

201 1ST STREET SUITE 307 - PETALUMA, CA 94592800-359-7861

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed July 22, 2022

Plan administrator

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201 1st Street, Suite 307

Petaluma, CA 94952

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Plans declared (1)

Plan name not on file1,280 emp

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Total assets (EOY)

$26.9M

+28.8% from 2015

Total participants

414

-24.5% from 2015

Average account balance

$79,916

+9.3% from 2015

Annual return

11.12%

-2.84 pp from 2015

Benchmarks

See 634 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort634 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$183.86M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

1,249

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+21.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREENLEAF & BURLESON1 year Filed as: GREENLEAF AND BURLESON WEALTH Service code 28 · EIN 20-1160877	Investment Management	$52,507
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN Service code 15 · EIN 34-1479833	Recordkeeping	$34,707
MILLIMAN, INC.1 year Filed as: MILLIMAN INC Service code 28 · EIN 91-0675641	Investment Management	$19,563
MARCUM LLP2+ years Service code 28 · EIN 11-1986323	Investment Management	$8,350
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$3,652
CHARLES SCHWAB & CO., INC.2+ years Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$105K

$281 / participant

Investment mgmt$75K71.5%
Other / not subdivided$30K28.5%

% of EOY assets

0.392%

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: PISENTI & BRINKER
Auditor EIN: 941585562
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,916

$39,819+100.7%

$67,834+17.8%

$57,658+38.6%

Participation rate

79.1%

61.2%+17.9pp

68.8%+10.3pp

70.2%+8.9pp

Annual return

11.12%

9.19%+1.9pp

138.47%-127.4pp

5.13%+6.0pp

Employer contribution / active EE

$5,426

$1,277+324.9%

$2,403+125.7%

$1,974+174.9%

Participant deferral / active EE

$8,817

$2,209+299.1%

$3,160+179.0%

$3,061+188.1%

Admin fee / account holder

$313

$84+274.4%

$4,622-93.2%

$95+231.2%

Provider

Service type

Compensation

GREENLEAF & BURLESON1 year

Filed as: GREENLEAF AND BURLESON WEALTH

Service code 28 · EIN 20-1160877

Investment Management

$52,507

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN

Service code 15 · EIN 34-1479833

Recordkeeping

$34,707

MILLIMAN, INC.1 year

Filed as: MILLIMAN INC

Service code 28 · EIN 91-0675641

Investment Management

$19,563

MARCUM LLP2+ years

Service code 28 · EIN 11-1986323

Investment Management

$8,350

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$3,652

CHARLES SCHWAB & CO., INC.2+ years

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

SOLAIRUS AVIATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLAIRUS AVIATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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