Retirement plan

CITY VENTURES COMMUNITIES, LLC 401(K) PROFIT SHARING PLAN

Name: CITY VENTURES COMMUNITIES, LLC - CITY VENTURES COMMUNITIES, LLC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: CITY VENTURES COMMUNITIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITY VENTURES COMMUNITIES, LLC 401(K) PROFIT SHARING PLAN, CITY VENTURES COMMUNITIES, LLC

CITY VENTURES COMMUNITIES, LLCEIN 90-0609362Plan #001PY 2019

3121 MICHELSON DRIVE, SUITE 150 - IRVINE, CA 92612949-258-7519LinkedIn11-50 employeesreal estate

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$7.5M

+1.2% from 2018

Total participants

164

+3.1% from 2018

Average account balance

$52,406

-10.8% from 2018

Annual return

19.72%

+20.44 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.00M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

174

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2 years Service code 15 · EIN 94-1347393	Recordkeeping	$29,181
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 42-0127290	Advisory (Plan)	$14,336

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

$44K

$341 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.578%

all-in expense ratio

Categories reported

0 / 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: TALLEY LLP
Auditor EIN: 813071614
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,406

$63,114-17.0%

$92,909-43.6%

$65,185-19.6%

Participation rate

84.4%

68.8%+15.6pp

76.0%+8.4pp

70.2%+14.2pp

Annual return

19.72%

28.75%-9.0pp

109.44%-89.7pp

29.38%-9.7pp

Employer contribution / active EE

$44

$2,571-98.3%

$3,653-98.8%

$2,177-98.0%

Participant deferral / active EE

$7,828

$3,108+151.8%

$4,238+84.7%

$3,514+122.8%

Admin fee / account holder

$303

$624-51.4%

$5,795-94.8%

$847-64.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Service code 15 · EIN 94-1347393

Recordkeeping

$29,181

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 42-0127290

Advisory (Plan)

$14,336

CITY VENTURES COMMUNITIES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITY VENTURES COMMUNITIES, LLC 401(K) PROFIT SHARING 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