Retirement plan

CALIFORNIA TAXPAYERS ASSOCIATION 401K PROFIT SHARING PLAN

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

CALIFORNIA TAXPAYERS ASSOCIATIONEIN 95-0598420Plan #002PY 2023

1201 K STREET SUITE 1600 - SACRAMENTO, CA 958140000916-441-0490caltax.orgLinkedIn11-50 employeespublic policy

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.6M

+28.7% from 2022

Total participants

-9.1% from 2022

Average account balance

$233,548

+47.1% from 2022

Annual return

20.33%

+35.01 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.01M

Not enough data

1 years with asset history on file

Average account balance

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

$287K

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.

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

$111K

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

+16.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$393

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$33K

$3618 / participant

Other / not subdivided$33K100.0%

% of EOY assets

1.992%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$233,548

$96,691+141.5%

$86,656+169.5%

$139,487+67.4%

Participation rate

66.7%

74.4%-7.8pp

71.7%-5.0pp

80.3%-13.7pp

Annual return

20.33%

106.87%-86.5pp

593.09%-572.8pp

373.84%-353.5pp

Employer contribution / active EE

$7,401

$3,267+126.6%

$3,025+144.6%

$4,755+55.7%

Participant deferral / active EE

$7,953

$4,838+64.4%

$4,439+79.1%

$6,713+18.5%

Admin fee / account holder

$4,651

$6,414-27.5%

$5,619-17.2%

$11,407-59.2%

CALIFORNIA TAXPAYERS ASSOCIATION 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA TAXPAYERS ASSOCIATION 401K 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