Retirement plan

MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

Name: MORRIS & GARRITANO INSURANCE AGENCY, INC. - MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN (2025) Form 5500
Creator: MORRIS & GARRITANO INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN, MORRIS & GARRITANO INSURANCE AGENCY, INC.

MORRIS & GARRITANO INSURANCE AGENCY, INC.EIN 95-2304670Plan #002PY 2025

1122 LAUREL LANE, P.O. DRAWER 1189 - SAN LUIS OBISPO, CA 93401805-543-6887

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.9M

+14.8% from 2024

Total participants

156

-2.5% from 2024

Average account balance

$165,584

+12.9% from 2024

Annual return

14.59%

-0.62 pp from 2024

Benchmarks

See 183 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort183 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.87M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

120

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.

72.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$24,639
CALIBER AUDIT & ATTEST6 years Service code 10 · EIN 26-2380873	Accounting	$12,500
HICKS PENSION SERVICES4 years Filed as: HICKS PENSION SERVICES - SAN LUIS O Service code 15 · EIN 77-0155091	Recordkeeping	$2,625
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2J2K3D

Plan features

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).
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.
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

1 tripped

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

$40K

$299 / participant

Contract admin$27K68.6%
Other / not subdivided$13K31.4%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBER AUDIT & ATTEST
Auditor EIN: 262350873
Audit fees: $12,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,584

$121,671+36.1%

$211,142-21.6%

$64,340+157.4%

Participation rate

72.9%

76.5%-3.5pp

87.3%-14.4pp

55.2%+17.7pp

Annual return

14.59%

21.43%-6.8pp

46.84%-32.2pp

24.14%-9.6pp

Employer contribution / active EE

$2,172

$4,066-46.6%

$6,442-66.3%

$1,862+16.7%

Participant deferral / active EE

$6,471

$6,049+7.0%

$9,284-30.3%

$2,980+117.1%

Admin fee / account holder

$331

$4,774-93.1%

$19,076-98.3%

$3,703-91.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$24,639

CALIBER AUDIT & ATTEST6 years

Service code 10 · EIN 26-2380873

Accounting

$12,500

HICKS PENSION SERVICES4 years

Filed as: HICKS PENSION SERVICES - SAN LUIS O

Service code 15 · EIN 77-0155091

Recordkeeping

$2,625

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORRIS & GARRITANO INSURANCE AGENCY, INC. 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