Retirement plan

CALAVERAS TELEPHONE COMPANY PROFIT SHARING 401(K) PLAN

Name: CALAVERAS TELEPHONE COMPANY - CALAVERAS TELEPHONE COMPANY PROFIT SHARING 401(K) PLAN (2020) Form 5500
Creator: CALAVERAS TELEPHONE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALAVERAS TELEPHONE COMPANY PROFIT SHARING 401(K) PLAN, CALAVERAS TELEPHONE COMPANY

CALAVERAS TELEPHONE COMPANYEIN 94-1592334Plan #001PY 2020

P.O. BOX 37 - COPPEROPOLIS, CA 95228209-785-2211caltel.comLinkedIn1-10 employeesgovernment relations

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$17.8M

+18.9% from 2019

Total participants

+3.6% from 2019

Average account balance

$307,307

+14.8% from 2019

Annual return

18.01%

-1.55 pp from 2019

Benchmarks

See 3,014 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,014 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.01M

Not enough data

1 years with asset history on file

Average account balance

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

$345K

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

1 years with headcount on file

Eligible Participants and Participation

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

141.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$538K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24509

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G3D2F2J

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$325K

$8778 / participant

Other / not subdivided$325K100.0%

% of EOY assets

1.822%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$307,307

$70,475+336.0%

$100,530+205.7%

$79,858+284.8%

Participation rate

100.0%

73.7%+26.3pp

79.4%+20.6pp

69.6%+30.4pp

Annual return

18.01%

21.90%-3.9pp

30.89%-12.9pp

31.72%-13.7pp

Employer contribution / active EE

$8,673

$2,165+300.7%

$3,418+153.7%

$2,471+251.0%

Participant deferral / active EE

$3,641

$5,181-29.7%

$6,271-41.9%

$3,740-2.7%

Admin fee / account holder

$5,600

$4,478+25.0%

$8,083-30.7%

$5,306+5.5%

CALAVERAS TELEPHONE COMPANY PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALAVERAS TELEPHONE COMPANY PROFIT SHARING 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