Retirement plan

SUPPLEMENTAL INCOME 401(K) PLAN

Name: BOARD OF TRUSTEES OF SUPPLEMENTAL INCOME TRUST FUND - SUPPLEMENTAL INCOME 401(K) PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF SUPPLEMENTAL INCOME TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPPLEMENTAL INCOME 401(K) PLAN, BOARD OF TRUSTEES OF SUPPLEMENTAL INCOME TRUST FUND

BOARD OF TRUSTEES OF SUPPLEMENTAL INCOME TRUST FUNDEIN 94-2554388Plan #002PY 2024

420 VIRGINIA ST, SUITE 2-A - VALLEJO, CA 945906018800-477-3829

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$1866.2M

-7.9% from 2016

Total participants

40,848

+3.0% from 2016

Average account balance

$45,686

-7.0% from 2016

Annual return

13.15%

-7.50 pp from 2016

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87B

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

40,848

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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 9 by compensation

Provider	Service type	Compensation
MON ROC ADMINISTRATORS, LLC4 years Service code 13 · EIN 47-3357327	Contract Administrator	$2,793,642
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK RETIREMENT PL SERVICES Service code 12 · EIN 01-0233346	Participant loan processing; Distribu...	$2,605,667
BEESON, TAYER & BODINE9 years Service code 29 · EIN 94-3126136	Legal	$510,929
WITHUMSMITH+BROWN, PC3 years Service code 10 · EIN 22-2027092	Accounting	$456,030
ALAN BILLER & ASSOCIATES3 years Filed as: ALAN D. BILLER & ASSOCIATES, IN Service code 27 · EIN 94-2854958	Advisory (Plan)	$87,218
MERCER6 years Filed as: MERCER INVESTMENTS LLC Service code 16 · EIN 30-0282430	Consulting	$60,000
STEPHEN HORN INSURANCE SERVICES10+ years Service code 22 · EIN 94-3249244	Insurance Broker	$53,201
IRON MOUNTAIN3 years Service code 49 · EIN 23-2588479	Other Services	$11,862
STEPHEN HORN INSURANCE SERVICES4 years Filed as: STEPHEN HORN INSURANCE SERVICE Service code 22	Insurance Broker	$6,819

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$6.9M

$203 / participant

Recordkeeping$3M43.5%
Investment mgmt$87K1.3%
Legal$511K7.4%
Contract admin$3M40.3%
Other / not subdivided$521K7.5%

% of EOY assets

0.371%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: $44,743
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,686

$106,553-57.1%

$69,632-34.4%

$106,553-57.1%

Participation rate

100.0%

69.8%+30.2pp

66.4%+33.6pp

69.8%+30.2pp

Annual return

13.15%

17.37%-4.2pp

101.32%-88.2pp

17.37%-4.2pp

Employer contribution / active EE

$1,069

$3,359-68.2%

$1,708-37.4%

$3,359-68.2%

Participant deferral / active EE

$2,896

$5,562-47.9%

$2,889+0.3%

$5,562-47.9%

Admin fee / account holder

$170

$80+113.0%

$4,695-96.4%

$80+113.0%

Provider

Service type

Compensation

MON ROC ADMINISTRATORS, LLC4 years

Service code 13 · EIN 47-3357327

Contract Administrator

$2,793,642

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Filed as: JOHN HANCOCK RETIREMENT PL SERVICES

Service code 12 · EIN 01-0233346

Participant loan processing; Distribu...

$2,605,667

BEESON, TAYER & BODINE9 years

Service code 29 · EIN 94-3126136

Legal

$510,929

WITHUMSMITH+BROWN, PC3 years

Service code 10 · EIN 22-2027092

Accounting

$456,030

ALAN BILLER & ASSOCIATES3 years

Filed as: ALAN D. BILLER & ASSOCIATES, IN

Service code 27 · EIN 94-2854958

Advisory (Plan)

$87,218

MERCER6 years

Filed as: MERCER INVESTMENTS LLC

Service code 16 · EIN 30-0282430

Consulting

$60,000

STEPHEN HORN INSURANCE SERVICES10+ years

Service code 22 · EIN 94-3249244

Insurance Broker

$53,201

IRON MOUNTAIN3 years

Service code 49 · EIN 23-2588479

Other Services

$11,862

STEPHEN HORN INSURANCE SERVICES4 years

Filed as: STEPHEN HORN INSURANCE SERVICE

Service code 22

Insurance Broker

$6,819

SUPPLEMENTAL INCOME 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPPLEMENTAL INCOME 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