Retirement plan

CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY RETIREMENT PLAN

Name: CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY - CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY RETIREMENT PLAN (2024) Form 5500
Creator: CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY RETIREMENT PLAN, CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY

CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITYEIN 94-3246306Plan #001PY 2024

TWO EMBARCADERO CENTER, 8TH FLOOR - SAN FRANSISCO, CA 94111510-736-0797

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$397K

+71.0% from 2023

Total participants

+40.0% from 2023

Average account balance

$30,539

+5.3% from 2023

Annual return

16.89%

-7.45 pp from 2023

Benchmarks

See 1,378 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants<25

Cohort1,378 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$397K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$690

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 codes2E2F2M2T3D

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).
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$9K

$690 / participant

Other / not subdivided$9K100.0%

% of EOY assets

2.261%

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

$30,539

$173,526-82.4%

$136,072-77.6%

$145,884-79.1%

Participation rate

92.3%

80.4%+11.9pp

76.4%+15.9pp

80.3%+12.0pp

Annual return

16.89%

1167.12%-1150.2pp

580.46%-563.6pp

551.85%-535.0pp

Employer contribution / active EE

$3,743

$5,285-29.2%

$4,216-11.2%

$4,662-19.7%

Participant deferral / active EE

$6,616

$8,711-24.1%

$7,028-5.9%

$6,690-1.1%

Admin fee / account holder

$690

$9,665-92.9%

$6,718-89.7%

$13,392-94.8%

CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA ASSOCIATION FOR MICRO ENTERPRISE OPPORTUNITY RETIREMENT 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