Retirement plan

CALIFORNIA MACHINISTS 401K PLAN

Name: BOARD OF TRUSTEES OF CALIFORNIA MACHINISTS 401K PLAN - CALIFORNIA MACHINISTS 401K PLAN (2017) 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 2017

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$75.1M

+17.4% from 2016

Total participants

2,666

+4.5% from 2016

Average account balance

$28,177

+8.6% from 2016

Annual return

13.48%

+4.81 pp from 2016

Benchmarks

See 238 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort238 peers

Snapshot2017

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 5 by compensation

Provider	Service type	Compensation
KAUFMANN & GOBLE2+ years Filed as: KAUFMANN AND GOBLE Service code 14 · EIN 94-2614826	Plan Administrator	$263,893
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 16 1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612	Consulting	$82,724
LINDQUIST LLP2+ years Service code 10 · EIN 52-2385296	Accounting	$80,384
MATRIX TRUST COMPANY2+ years Service code 25 · EIN 73-3182674	Directed Trustee	$56,514
WEINBERG, ROGER & ROSENFELD2+ years Service code 29 · EIN 94-2458080	Legal	$20,373

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$357K

$190 / participant

Investment mgmt$57K15.8%
Contract admin$153K42.8%
Other / not subdivided$148K41.4%

% of EOY assets

0.476%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LINDQUIST LLP
Auditor EIN: 522385296
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,177

$65,292-56.8%

$71,671-60.7%

$77,958-63.9%

Participation rate

100.0%

67.4%+32.6pp

68.7%+31.3pp

71.6%+28.4pp

Annual return

13.48%

21.25%-7.8pp

20.65%-7.2pp

20.87%-7.4pp

Employer contribution / active EE

$1,612

$2,085-22.7%

$2,460-34.5%

$2,310-30.2%

Participant deferral / active EE

$1,721

$3,008-42.8%

$3,438-49.9%

$3,537-51.3%

Admin fee / account holder

$134

$84+58.8%

$5,558-97.6%

$97+37.7%

Provider

Service type

Compensation

KAUFMANN & GOBLE2+ years

Filed as: KAUFMANN AND GOBLE

Service code 14 · EIN 94-2614826

Plan Administrator

$263,893

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 16

1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612

Consulting

$82,724

LINDQUIST LLP2+ years

Service code 10 · EIN 52-2385296

Accounting

$80,384

MATRIX TRUST COMPANY2+ years

Service code 25 · EIN 73-3182674

Directed Trustee

$56,514

WEINBERG, ROGER & ROSENFELD2+ years

Service code 29 · EIN 94-2458080

Legal

$20,373

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