Retirement plan

CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS RETIREMENT PLAN AND TRUST

Name: CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS - CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS RETIREMENT PLAN AND TRUST (2020) Form 5500
Creator: CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS RETIREMENT PLAN AND TRUST, CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS

CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERSEIN 94-2292593Plan #002PY 2020

1121 L STREET SUITE 304 - SACRAMENTO, CA 95814916-379-8995

Prospect flagsHigh feesLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$73.4M

+24.2% from 2019

Total participants

1,714

+5.3% from 2019

Average account balance

$73,884

-98.1% from 2019

Annual return

16.21%

-4.29 pp from 2019

Benchmarks

See 74 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort74 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.98M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

358

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.

23.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

-7.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177

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 6 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$89,797
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$87,732
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC Service code 13 6830 COMMERCE CT DR · BLACKLICK, OH 430049297	Contract Administrator	$76,401
PLANCHECK(K) CPAS LLC1 year Service code 10 501 MORRISON RD STE 201 · COLUMBUS, OH 43230	Accounting	$10,348
BPM LLP4 years Service code 10 600 CALIFORNIA STREET SUITE 600 · SAN FRANCISCO, CA 94108	Accounting	$6,039
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,970

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$419K

$282 / participant

Contract admin$404K96.5%
Other / not subdivided$15K3.5%

% of EOY assets

0.571%

all-in expense ratio

Categories reported

1 / 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: PLANCHCECK CPAS, LLC
Auditor EIN: 842614035
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,884

$41,774+76.9%

$118,914-37.9%

$90,274-18.2%

Participation rate

51.6%

55.0%-3.4pp

75.4%-23.8pp

73.4%-21.7pp

Annual return

16.21%

16.64%-0.4pp

35.89%-19.7pp

53.97%-37.8pp

Employer contribution / active EE

$2,597

$986+163.4%

$3,264-20.5%

$2,523+2.9%

Participant deferral / active EE

$2,900

$1,683+72.2%

$4,266-32.0%

$4,231-31.5%

Admin fee / account holder

$422

$85+398.1%

$6,582-93.6%

$114+269.6%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27

4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$89,797

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$87,732

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES INC

Service code 13

6830 COMMERCE CT DR · BLACKLICK, OH 430049297

Contract Administrator

$76,401

PLANCHECK(K) CPAS LLC1 year

Service code 10

501 MORRISON RD STE 201 · COLUMBUS, OH 43230

Accounting

$10,348

BPM LLP4 years

Service code 10

600 CALIFORNIA STREET SUITE 600 · SAN FRANCISCO, CA 94108

Accounting

$6,039

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,970

CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA ASSOCIATION OF WINEGRAPE GROWERS RETIREMENT PLAN AND TRUST

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