Retirement plan

CALIFORNIA MACHINISTS 401K PLAN

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

BOARD OF TRUSTEES OF CALIFORNIA MACHINISTS 401K PLANEIN 94-3250849Plan #001PY 2024

160 WEST SANTA CLARA STREET, SUITE 1550 - SAN JOSE, CA 951131734408-298-1170

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$147.6M

+26.9% from 2023

Total participants

2,200

-28.2% from 2023

Average account balance

$67,076

+76.6% from 2023

Annual return

26.20%

+12.56 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$147.57M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

2,200

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

$9.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+26.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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
WITHUMSMITH+BROWN, PC3 years Service code 10 · EIN 22-2027092	Accounting	$194,254
NWPS4 years Service code 14 · EIN 94-2614826	Plan Administrator	$130,317
MORGAN STANLEY SMITH BARNEY8 years Filed as: MORGAN STANLEY Service code 26 1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612	Advisory (Participants)	$108,567
MATRIX TRUST COMPANY9+ years Service code 25 · EIN 75-3182674	Directed Trustee	$56,621
WEINBERG, ROGER & ROSENFELD9+ years Service code 29 · EIN 94-2458080	Legal	$15,566
COMERICA BANK1 year Service code 18 1717 MAIN STREET · DALLAS, TX 75201	Direct payment from the plan; Custodi...	$7,077

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$440K

$238 / participant

Recordkeeping$175K39.8%
Trustee / custodial$7K1.6%
Investment mgmt$57K12.9%
Legal$16K3.5%
Contract admin$116K26.3%
Other / not subdivided$70K15.9%

% of EOY assets

0.298%

all-in expense ratio

Categories reported

5 / 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: $19,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,076

$81,301-17.5%

$76,089-11.8%

$199,921-66.4%

Participation rate

100.0%

70.1%+29.9pp

69.1%+30.9pp

72.0%+28.0pp

Annual return

26.20%

16.31%+9.9pp

360.94%-334.7pp

34.28%-8.1pp

Employer contribution / active EE

$2,686

$3,352-19.9%

$2,690-0.2%

$3,035-11.5%

Participant deferral / active EE

$2,616

$4,721-44.6%

$4,259-38.6%

$5,089-48.6%

Admin fee / account holder

$200

$145+37.8%

$6,418-96.9%

$269-25.7%

Provider

Service type

Compensation

WITHUMSMITH+BROWN, PC3 years

Service code 10 · EIN 22-2027092

Accounting

$194,254

NWPS4 years

Service code 14 · EIN 94-2614826

Plan Administrator

$130,317

MORGAN STANLEY SMITH BARNEY8 years

Filed as: MORGAN STANLEY

Service code 26

1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612

Advisory (Participants)

$108,567

MATRIX TRUST COMPANY9+ years

Service code 25 · EIN 75-3182674

Directed Trustee

$56,621

WEINBERG, ROGER & ROSENFELD9+ years

Service code 29 · EIN 94-2458080

Legal

$15,566

COMERICA BANK1 year

Service code 18

1717 MAIN STREET · DALLAS, TX 75201

Direct payment from the plan; Custodi...

$7,077

CALIFORNIA MACHINISTS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA MACHINISTS 401K 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