Retirement plan

SALAS O'BRIEN RETIREMENT PLAN

Name: SALAS O'BRIEN, INC. - SALAS O'BRIEN RETIREMENT PLAN (2024) Form 5500
Creator: SALAS O'BRIEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALAS O'BRIEN RETIREMENT PLAN, SALAS O'BRIEN, INC.

SALAS O'BRIEN, INC.EIN 95-2037468Plan #002PY 2024

8825 RESEARCH DRIVE - IRVINE, CA 92618949-753-1553salasobrien.comLinkedIn1001-5000 employeesdesign

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 4, 2018 (most recent of 2 filings on file)

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Total assets (EOY)

$537.9M

-10.6% from 2017

Total participants

3,290

-13.5% from 2017

Average account balance

$168,564

+3.5% from 2017

Annual return

33.20%

+61.95 pp from 2017

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$537.89M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

3,191

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+33.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$422

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$992,185
UBS FINANCIAL SERVICES INC2 years Service code 28 · EIN 13-2638166	Investment Management	$206,692
ACTUARIAL BENEFITS CORP3 years Filed as: ACTUARIAL BENEFITS CORP. Service code 13 · EIN 20-1054428	Contract Administrator	$82,807
CROWE LLP3 years Service code 10 · EIN 35-0921680	Accounting	$57,488
SALAS O'BRIEN, INC2 years Service code 49 · EIN 95-2037468	Other Services	$17,920

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$532 / participant

Recordkeeping$68K5.0%
Investment mgmt$207K15.4%
Contract admin$1M79.6%

% of EOY assets

0.250%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,564

$122,128+38.0%

$147,117+14.6%

$200,096-15.8%

Participation rate

96.1%

78.2%+17.9pp

82.2%+13.9pp

72.0%+24.1pp

Annual return

33.20%

30.58%+2.6pp

420.54%-387.3pp

34.26%-1.1pp

Employer contribution / active EE

$3,586

$4,093-12.4%

$4,932-27.3%

$3,038+18.1%

Participant deferral / active EE

$8,260

$8,484-2.6%

$8,065+2.4%

$5,090+62.3%

Admin fee / account holder

$422

$180+134.9%

$12,993-96.8%

$269+56.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$992,185

UBS FINANCIAL SERVICES INC2 years

Service code 28 · EIN 13-2638166

Investment Management

$206,692

ACTUARIAL BENEFITS CORP3 years

Filed as: ACTUARIAL BENEFITS CORP.

Service code 13 · EIN 20-1054428

Contract Administrator

$82,807

CROWE LLP3 years

Service code 10 · EIN 35-0921680

Accounting

$57,488

SALAS O'BRIEN, INC2 years

Service code 49 · EIN 95-2037468

Other Services

$17,920

SALAS O'BRIEN RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALAS O'BRIEN RETIREMENT PLAN

Top hat statement on fileNQDC

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