Retirement plan

ARMANINO LLP 401(K) PROFIT SHARING PLAN

Name: ARMANINO LLP - ARMANINO LLP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ARMANINO LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARMANINO LLP 401(K) PROFIT SHARING PLAN, ARMANINO LLP

ARMANINO LLPEIN 94-6214841Plan #002PY 2023

12657 ALCOSTA BLVD, SUITE 500 - SAN RAMON, CA 94583925-790-2742

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$290M

-18.5% from 2016

Total participants

3,515

-9.1% from 2016

Average account balance

$86,297

-13.4% from 2016

Annual return

24.25%

+0.69 pp from 2016

Benchmarks

See 928 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort928 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$347.38M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

3,415

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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
MILLIMAN, INC.8 years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$266,422
MAI CAPITAL MANAGEMENT, LLC2 years Filed as: MAI CAPITAL MANAGEMENT LLC Service code 19 · EIN 61-1495162	Securities Custodian	$37,994
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$27,316
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$21,881
BRAND ASSET MANAGEMENT GROUP INC1 year Filed as: BRAND ASSET MGMT GROUP Service code 27 · EIN 43-1601121	Advisory (Plan)	$11,513
CHARLES SCHWAB & CO., INC.9+ years Service code 19 · EIN 94-1737782	Securities Custodian	$1,131

Plan features & details

Pension benefit codes2E2G2J2R3H2F2A3B3D2X

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$377K

$145 / participant

Recordkeeping$266K70.7%
Trustee / custodial$82K21.9%
Investment mgmt$27K7.2%
Other / not subdivided$6070.2%

% of EOY assets

0.130%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,297

$107,415-19.7%

$135,998-36.5%

$80,187+7.6%

Participation rate

94.0%

78.0%+16.0pp

81.9%+12.1pp

72.9%+21.1pp

Annual return

24.25%

91.99%-67.7pp

68.37%-44.1pp

40.40%-16.2pp

Employer contribution / active EE

$4,050

$3,878+4.4%

$4,860-16.7%

$2,980+35.9%

Participant deferral / active EE

$10,071

$8,189+23.0%

$7,761+29.8%

$5,016+100.8%

Admin fee / account holder

$112

$127-11.7%

$10,769-99.0%

$145-22.7%

Provider

Service type

Compensation

MILLIMAN, INC.8 years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$266,422

MAI CAPITAL MANAGEMENT, LLC2 years

Filed as: MAI CAPITAL MANAGEMENT LLC

Service code 19 · EIN 61-1495162

Securities Custodian

$37,994

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$27,316

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$21,881

BRAND ASSET MANAGEMENT GROUP INC1 year

Filed as: BRAND ASSET MGMT GROUP

Service code 27 · EIN 43-1601121

Advisory (Plan)

$11,513

CHARLES SCHWAB & CO., INC.9+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$1,131

ARMANINO LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARMANINO LLP 401(K) PROFIT SHARING 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