Retirement plan

MONTE CARLO DATA 401(K) PLAN

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

MONTE CARLO DATAEIN 84-1851622Plan #001PY 2024

548 MARKET STREET, PMB 59994 - SAN FRANCISCO, CA 94104650-799-2908

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7M

+44.9% from 2023

Total participants

165

+16.2% from 2023

Average account balance

$46,842

+27.5% from 2023

Annual return

28.51%

-17.06 pp from 2023

Benchmarks

See 1,009 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,009 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.03M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

150

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+28.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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
GUIDELINE, INC.1 year Service code 14 · EIN 47-4474775	Plan Administrator	$5,555
BENEFIT TRUST COMPANY1 year Service code 18 · EIN 43-1971558	Custodial (securities); Custodial (ot...	$5,094

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$48 / participant

Recordkeeping$1K23.8%
Investment mgmt$5K76.2%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANK, RIMERMAN + CO. LLP
Auditor EIN: 941341042
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,842

$79,169-40.8%

$100,415-53.4%

$74,478-37.1%

Participation rate

88.3%

79.4%+8.9pp

81.5%+6.8pp

67.2%+21.1pp

Annual return

28.51%

20.51%+8.0pp

49.47%-21.0pp

1370.56%-1342.1pp

Employer contribution / active EE

$82

$3,017-97.3%

$3,943-97.9%

$2,626-96.9%

Participant deferral / active EE

$12,200

$7,751+57.4%

$8,091+50.8%

$4,350+180.4%

Admin fee / account holder

$41

$1,337-96.9%

$7,906-99.5%

$1,946-97.9%

Provider

Service type

Compensation

GUIDELINE, INC.1 year

Service code 14 · EIN 47-4474775

Plan Administrator

$5,555

BENEFIT TRUST COMPANY1 year

Service code 18 · EIN 43-1971558

Custodial (securities); Custodial (ot...

$5,094

MONTE CARLO DATA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONTE CARLO DATA 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