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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#001Retirement-$164.0M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.5M

-14.8% from 2021

Total participants

767

+2.8% from 2021

Average account balance

$52,837

-17.2% from 2021

Annual return

-14.20%

-25.16 pp from 2021

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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 7 by compensation

Provider	Service type	Compensation
KAUFMANN & GOBLE4 years Filed as: KAUFMANN AND GOBLE ASSOC., INC. Service code 15 · EIN 94-2614826	Recordkeeping	$78,623
BENESYS, INC.8+ years Filed as: BENESYS, INC Service code 13 · EIN 38-2383171	Contract Administrator	$63,204
WITHUMSMITH+BROWN, PC1 year Service code 10 · EIN 20-2027092	Accounting	$28,716
NEYHART, ANDERSON, FLYNN & GROSBOLL8+ years Service code 29 · EIN 94-2576729	Legal	$24,279
TD AMERITRADE, INC.8+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$19,239
VERUS8+ years Filed as: VERUS ADVISORY INC. Service code 27 · EIN 91-1320111	Advisory (Plan)	$17,500
ULLICO3 years Filed as: UNION BANK Service code 49 · EIN 94-0304228	Other Services	$5,590

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

$188K

$446 / participant

Investment mgmt$37K19.5%
Contract admin$62K33.2%
Other / not subdivided$89K47.3%

% of EOY assets

0.464%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,837

$106,236-50.3%

$112,249-52.9%

$64,819-18.5%

Participation rate

100.0%

71.7%+28.3pp

75.1%+24.9pp

71.5%+28.5pp

Annual return

-14.20%

-6.02%-8.2pp

27.48%-41.7pp

32.84%-47.0pp

Employer contribution / active EE

$4,806

$3,166+51.8%

$3,636+32.2%

$2,507+91.7%

Participant deferral / active EE

$1,352

$3,785-64.3%

$4,729-71.4%

$4,311-68.6%

Admin fee / account holder

$245

$452-45.7%

$6,412-96.2%

$188+30.5%

Provider

Service type

Compensation

KAUFMANN & GOBLE4 years

Filed as: KAUFMANN AND GOBLE ASSOC., INC.

Service code 15 · EIN 94-2614826

Recordkeeping

$78,623

BENESYS, INC.8+ years

Filed as: BENESYS, INC

Service code 13 · EIN 38-2383171

Contract Administrator

$63,204

WITHUMSMITH+BROWN, PC1 year

Service code 10 · EIN 20-2027092

Accounting

$28,716

NEYHART, ANDERSON, FLYNN & GROSBOLL8+ years

Service code 29 · EIN 94-2576729

Legal

$24,279

TD AMERITRADE, INC.8+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$19,239

VERUS8+ years

Filed as: VERUS ADVISORY INC.

Service code 27 · EIN 91-1320111

Advisory (Plan)

$17,500

ULLICO3 years

Filed as: UNION BANK

Service code 49 · EIN 94-0304228

Other Services

$5,590

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