Retirement plan

CALIFORNIA MACHINISTS 401K PLAN

Name: BOARD OF TRUSTEES OF CALIFORNIA MACHINISTS 401K PLAN - CALIFORNIA MACHINISTS 401K PLAN (2018) 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 2018

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)

$85M

+13.2% from 2017

Total participants

2,754

+3.3% from 2017

Average account balance

$30,868

+9.5% from 2017

Annual return

9.33%

-4.15 pp from 2017

Benchmarks

See 241 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort241 peers

Snapshot2018

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
KAUFMANN & GOBLE3+ years Filed as: KAUFMANN AND GOBLE Service code 14 · EIN 94-2614826	Plan Administrator	$299,124
LINDQUIST LLP3+ years Service code 10 · EIN 52-2385296	Accounting	$127,525
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 16 1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612	Consulting	$88,331
MATRIX TRUST COMPANY3+ years Service code 25 · EIN 75-3182674	Directed Trustee	$64,260
WEINBERG, ROGER & ROSENFELD3+ years Service code 29 · EIN 94-2458080	Legal	$13,158
DST ASSET MANAGER SOLUTIONS, INC.1 year Filed as: DST FINANCIAL SERVICES Service code 38 · EIN 43-1581814	Participant Communication	$6,444

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

$413K

$280 / participant

Investment mgmt$64K15.6%
Contract admin$153K37.1%
Other / not subdivided$196K47.3%

% of EOY assets

0.486%

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

$30,868

$57,606-46.4%

$67,313-54.1%

$75,289-59.0%

Participation rate

100.0%

68.2%+31.8pp

69.1%+30.9pp

72.4%+27.6pp

Annual return

9.33%

-0.47%+9.8pp

-4.08%+13.4pp

-0.04%+9.4pp

Employer contribution / active EE

$2,089

$2,206-5.3%

$2,566-18.6%

$2,405-13.1%

Participant deferral / active EE

$2,383

$3,195-25.4%

$3,568-33.2%

$3,739-36.3%

Admin fee / account holder

$150

$83+81.3%

$4,507-96.7%

$102+46.6%

Provider

Service type

Compensation

KAUFMANN & GOBLE3+ years

Filed as: KAUFMANN AND GOBLE

Service code 14 · EIN 94-2614826

Plan Administrator

$299,124

LINDQUIST LLP3+ years

Service code 10 · EIN 52-2385296

Accounting

$127,525

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 16

1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612

Consulting

$88,331

MATRIX TRUST COMPANY3+ years

Service code 25 · EIN 75-3182674

Directed Trustee

$64,260

WEINBERG, ROGER & ROSENFELD3+ years

Service code 29 · EIN 94-2458080

Legal

$13,158

DST ASSET MANAGER SOLUTIONS, INC.1 year

Filed as: DST FINANCIAL SERVICES

Service code 38 · EIN 43-1581814

Participant Communication

$6,444

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