Retirement plan

DRATA INC. 401(K) PLAN

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

DRATA INCEIN 85-3730802Plan #001PY 2024

4660 LA JOLLA VILLAGE DRIVE, SUITE 100 - SAN DIEGO, CA 92122858-754-8811drata.comLinkedIn201-500 employeescomputer software

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.3M

+70.1% from 2023

Total participants

488

+4.9% from 2023

Average account balance

$29,589

+56.9% from 2023

Annual return

40.04%

-47.56 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.34M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

451

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.48M

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

+40.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 15 · EIN 47-4474775	Recordkeeping	$10,201
BENEFIT TRUST COMPANY2 years Service code 18 · EIN 43-1971558	Custodial (other than securities); Cu...	$9,674

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$30 / participant

Recordkeeping$3K27.2%
Investment mgmt$8K72.8%

% of EOY assets

0.085%

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: BDG CPAS
Auditor EIN: 222625944
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,589

$45,109-34.4%

$85,187-65.3%

$77,736-61.9%

Participation rate

90.2%

48.7%+41.5pp

67.5%+22.6pp

70.6%+19.6pp

Annual return

40.04%

79.55%-39.5pp

66.67%-26.6pp

31.26%+8.8pp

Employer contribution / active EE

$1,602-100.0%

$2,732-100.0%

$2,728-100.0%

Participant deferral / active EE

$11,925

$2,814+323.8%

$4,525+163.5%

$4,651+156.4%

Admin fee / account holder

$25

$915-97.2%

$6,162-99.6%

$433-94.2%

Provider

Service type

Compensation

GUIDELINE, INC.1 year

Service code 15 · EIN 47-4474775

Recordkeeping

$10,201

BENEFIT TRUST COMPANY2 years

Service code 18 · EIN 43-1971558

Custodial (other than securities); Cu...

$9,674

DRATA INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRATA INC. 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