Retirement plan

SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT SHARING PLAN

Name: BOARD OF TRUSTEES OF SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT - SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT SHARING PLAN (2019) Form 5500
Creator: BOARD OF TRUSTEES OF SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT SHARING PLAN, BOARD OF TRUSTEES OF SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT

BOARD OF TRUSTEES OF SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFITEIN 94-6220673Plan #002PY 2019

7180 KOLL CENTER PARKWAY, SUITE 200 - PLEASANTON, CA 945663184925-208-9999

Other plans on this EIN

1 filing

#001Retirement-$129.4M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.8M

+22.2% from 2018

Total participants

739

+1.0% from 2018

Average account balance

$48,415

+21.0% from 2018

Annual return

16.00%

+20.92 pp from 2018

Benchmarks

See 1,257 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,257 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.92M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

824

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

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 8 by compensation

Provider	Service type	Compensation
BENESYS, INC.5+ years Filed as: BENESYS, INC Service code 13 · EIN 38-2383171	Contract Administrator	$58,059
LINDQUIST LLP5+ years Service code 10 · EIN 52-2385296	Accounting	$18,992
NEYHART, ANDERSON, FLYNN & GROSBOLL5+ years Service code 29 · EIN 94-2576729	Legal	$17,929
TD AMERITRADE, INC.5+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$16,873
KAUFMANN & GOBLE1 year Filed as: KAUFMANN AND GOBLE ASSOC., INC. Service code 15 · EIN 94-2614826	Recordkeeping	$15,947
VERUS5+ years Filed as: VERUS ADVISORY INC. Service code 27 · EIN 91-1320111	Advisory (Plan)	$12,500
GRAND WEALTH MANAGEMENT LLC1 year Filed as: GRAND FLOW Service code 49 · EIN 94-3211239	Other Services	$5,912
KIMBERLY ANDERSON1 year Service code 20 · EIN 94-6220673	Direct payment from the plan; Trustee...	$5,772

Plan features & details

Pension benefit codes2C2E2F2H2J2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$162K

$383 / participant

Investment mgmt$29K18.1%
Contract admin$57K34.9%
Other / not subdivided$76K46.9%

% of EOY assets

0.452%

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

$48,415

$66,650-27.4%

$92,915-47.9%

$67,582-28.4%

Participation rate

100.0%

72.5%+27.5pp

76.0%+24.0pp

71.3%+28.7pp

Annual return

16.00%

92.64%-76.6pp

109.45%-93.4pp

378.57%-362.6pp

Employer contribution / active EE

$6,029

$2,777+117.1%

$3,653+65.0%

$2,148+180.7%

Participant deferral / active EE

$1,271

$3,160-59.8%

$4,238-70.0%

$3,539-64.1%

Admin fee / account holder

$219

$199+10.0%

$5,796-96.2%

$142+53.9%

Provider

Service type

Compensation

BENESYS, INC.5+ years

Filed as: BENESYS, INC

Service code 13 · EIN 38-2383171

Contract Administrator

$58,059

LINDQUIST LLP5+ years

Service code 10 · EIN 52-2385296

Accounting

$18,992

NEYHART, ANDERSON, FLYNN & GROSBOLL5+ years

Service code 29 · EIN 94-2576729

Legal

$17,929

TD AMERITRADE, INC.5+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$16,873

KAUFMANN & GOBLE1 year

Filed as: KAUFMANN AND GOBLE ASSOC., INC.

Service code 15 · EIN 94-2614826

Recordkeeping

$15,947

VERUS5+ years

Filed as: VERUS ADVISORY INC.

Service code 27 · EIN 91-1320111

Advisory (Plan)

$12,500

GRAND WEALTH MANAGEMENT LLC1 year

Filed as: GRAND FLOW

Service code 49 · EIN 94-3211239

Other Services

$5,912

KIMBERLY ANDERSON1 year

Service code 20 · EIN 94-6220673

Direct payment from the plan; Trustee...

$5,772

SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLANO/NAPA COUNTIES ELECTRICAL WORKERS 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