Retirement plan

CALIFORNIA MACHINISTS 401K PLAN

Name: BOARD OF TRUSTEES OF CALIFORNIA MACHINISTS 401K PLAN - CALIFORNIA MACHINISTS 401K PLAN (2019) 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 2019

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)

$87.1M

+2.4% from 2018

Total participants

2,850

+3.5% from 2018

Average account balance

$30,558

-1.0% from 2018

Annual return

1.06%

-8.28 pp from 2018

Benchmarks

See 239 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort239 peers

Snapshot2019

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
LINDQUIST LLP4+ years Service code 10 · EIN 52-2385296	Accounting	$113,603
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY Service code 16 1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612	Consulting	$90,990
MATRIX TRUST COMPANY4+ years Service code 25 · EIN 75-3182674	Directed Trustee	$61,176
WEINBERG, ROGER & ROSENFELD4+ years Service code 29 · EIN 94-2458080	Legal	$15,634
DST ASSET MANAGER SOLUTIONS, INC.2 years Filed as: DST FINANCIAL SERVICES Service code 38 · EIN 43-1581814	Participant Communication	$8,407

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

$402K

$271 / participant

Investment mgmt$61K15.2%
Contract admin$160K39.7%
Other / not subdivided$181K45.1%

% of EOY assets

0.461%

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

$30,558

$67,598-54.8%

$75,901-59.7%

$77,775-60.7%

Participation rate

100.0%

69.6%+30.4pp

69.3%+30.7pp

73.2%+26.8pp

Annual return

1.06%

23.18%-22.1pp

30.76%-29.7pp

32.58%-31.5pp

Employer contribution / active EE

$2,250

$2,430-7.4%

$2,501-10.0%

$2,504-10.1%

Participant deferral / active EE

$2,701

$3,502-22.9%

$3,603-25.0%

$3,966-31.9%

Admin fee / account holder

$141

$96+46.4%

$5,420-97.4%

$100+40.9%

Provider

Service type

Compensation

LINDQUIST LLP4+ years

Service code 10 · EIN 52-2385296

Accounting

$113,603

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY

Service code 16

1999 HARRISON STREET, SUITE 2200 · OAKLAND, CA 94612

Consulting

$90,990

MATRIX TRUST COMPANY4+ years

Service code 25 · EIN 75-3182674

Directed Trustee

$61,176

WEINBERG, ROGER & ROSENFELD4+ years

Service code 29 · EIN 94-2458080

Legal

$15,634

DST ASSET MANAGER SOLUTIONS, INC.2 years

Filed as: DST FINANCIAL SERVICES

Service code 38 · EIN 43-1581814

Participant Communication

$8,407

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