Retirement plan

BAYSHIRE 401(K) PLAN

Name: BAYSHIRE, LLC - BAYSHIRE 401(K) PLAN (2024) Form 5500
Creator: BAYSHIRE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAYSHIRE 401(K) PLAN, BAYSHIRE, LLC

BAYSHIRE, LLCEIN 81-4023838Plan #001PY 2024

1817 AVENIDA DEL DIABLO - ESCONDIDO, CA 92029619-201-5888

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

+111.5% from 2023

Total participants

2,305

+66.1% from 2023

Average account balance

$9,377

+52.9% from 2023

Annual return

49.24%

-10.83 pp from 2023

Benchmarks

See 1,434 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,434 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.79M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

404

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.

11.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$570

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

+49.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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

See the 4-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: EDWARD D. JONES & CO LP Service code 26 · EIN 43-0345811	Advisory (Participants)	$10,327
TRITON WEALTH MANAGEMENT1 year Service code 26 · EIN 81-1268969	Advisory (Participants)	$2,925
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK LIFE INS CO Service code 15 · EIN 01-0233346	Recordkeeping	$936
WILSHIRE ASSOCIATES INCORPORATED4+ years Filed as: WILSHIRE ASSOCIATES INC Service code 26 · EIN 95-2755361	Advisory (Participants)	$530

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$34K

$16 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.888%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: METZ, CPA PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,377

$53,199-82.4%

$155,567-94.0%

$199,768-95.3%

Participation rate

11.8%

64.1%-52.3pp

78.2%-66.4pp

72.0%-60.2pp

Annual return

49.24%

41.17%+8.1pp

64.74%-15.5pp

34.26%+15.0pp

Employer contribution / active EE

$111

$1,852-94.0%

$4,674-97.6%

$3,037-96.3%

Participant deferral / active EE

$459

$3,163-85.5%

$5,628-91.8%

$5,090-91.0%

Admin fee / account holder

$83

$186-55.1%

$15,916-99.5%

$269-69.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: EDWARD D. JONES & CO LP

Service code 26 · EIN 43-0345811

Advisory (Participants)

$10,327

TRITON WEALTH MANAGEMENT1 year

Service code 26 · EIN 81-1268969

Advisory (Participants)

$2,925

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK LIFE INS CO

Service code 15 · EIN 01-0233346

Recordkeeping

$936

WILSHIRE ASSOCIATES INCORPORATED4+ years

Filed as: WILSHIRE ASSOCIATES INC

Service code 26 · EIN 95-2755361

Advisory (Participants)

$530

BAYSHIRE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAYSHIRE 401(K) 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