Retirement plan

SVB FINANCIAL GROUP 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Name: SVB FINANCIAL GROUP - SVB FINANCIAL GROUP 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN (2015) Form 5500
Creator: SVB FINANCIAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SVB FINANCIAL GROUP 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN, SVB FINANCIAL GROUP

SVB FINANCIAL GROUPEIN 91-1962278Plan #001PY 2015

3003 TASMAN DRIVE, M/S HC 130 - SANTA CLARA, CA 95054408-654-7400

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$424.9M

No prior year

Total participants

2,607

No prior year

Average account balance

$168,333

No prior year

Annual return

1.27%

No prior year

Benchmarks

See 487 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort487 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2K

Not enough data

1 years with asset history on file

Average account balance

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

$806

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.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-7.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
ABD RETIREMENT SERVICES INC1+ years Filed as: ABD RETIREMENT SERVICES Service code 99 · EIN 80-0833114	Other Fees	$45,000
GLOBAL RETIREMENT PARTNERS LLC1+ years Filed as: GLOBAL RETIREMENT PLANNERS Service code 16 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Consulting	$42,500
MOSS ADAMS LLP1+ years Filed as: MOSS ADAMS Service code 10 · EIN 91-0189318	Accounting	$39,000
TRUCKER HUSS1+ years Service code 29 · EIN 94-3216063	Legal	$31,502
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$20,355

Plan features & details

Pension benefit codes2F2H2J2K2O2S2T2E3F3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

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

$169K

$83 / participant

Investment mgmt$95K56.2%
Other / not subdivided$74K43.8%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,333

$75,760+122.2%

$123,105+36.7%

$59,188+184.4%

Participation rate

95.9%

86.0%+9.9pp

86.8%+9.2pp

69.4%+26.5pp

Annual return

1.27%

2.93%-1.7pp

13.22%-11.9pp

5.51%-4.2pp

Employer contribution / active EE

$9,604

$3,415+181.2%

$5,151+86.5%

$2,098+357.8%

Participant deferral / active EE

$10,307

$5,000+106.1%

$6,229+65.5%

$3,265+215.7%

Admin fee / account holder

$67

$61+10.5%

$9,014-99.3%

$92-27.2%

Provider

Service type

Compensation

ABD RETIREMENT SERVICES INC1+ years

Filed as: ABD RETIREMENT SERVICES

Service code 99 · EIN 80-0833114

Other Fees

$45,000

GLOBAL RETIREMENT PARTNERS LLC1+ years

Filed as: GLOBAL RETIREMENT PLANNERS

Service code 16

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Consulting

$42,500

MOSS ADAMS LLP1+ years

Filed as: MOSS ADAMS

Service code 10 · EIN 91-0189318

Accounting

$39,000

TRUCKER HUSS1+ years

Service code 29 · EIN 94-3216063

Legal

$31,502

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$20,355

SVB FINANCIAL GROUP 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SVB FINANCIAL GROUP 401(K) AND EMPLOYEE STOCK OWNERSHIP 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