Retirement plan

SANTA BARBARA METROPOLITAN TRANSIT DISTRICT PROFIT SHARING AND SALARY DEFERRAL PLAN

Name: SANTA BARBARA METROPOLITAN TRANSIT DISTRICT - SANTA BARBARA METROPOLITAN TRANSIT DISTRICT PROFIT SHARING AND SALARY DEFERRAL PLAN (2018) Form 5500
Creator: SANTA BARBARA METROPOLITAN TRANSIT DISTRICT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANTA BARBARA METROPOLITAN TRANSIT DISTRICT PROFIT SHARING AND SALARY DEFERRAL PLAN, SANTA BARBARA METROPOLITAN TRANSIT DISTRICT

SANTA BARBARA METROPOLITAN TRANSIT DISTRICTEIN 95-2546247Plan #001PY 2018

550 OLIVE STREET - SANTA BARBARA, CA 93101805-963-3364

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.5M

-3.7% from 2017

Total participants

+7.7% from 2017

Average account balance

$179,145

-12.9% from 2017

Annual return

-4.10%

-20.02 pp from 2017

Benchmarks

See 3,617 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,617 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.98M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$698K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10222

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 codes2E2F2G2J2R2T3D

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$506K

$15319 / participant

Other / not subdivided$506K100.0%

% of EOY assets

6.719%

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

$179,145

$49,280+263.5%

$67,313+166.1%

$64,173+179.2%

Participation rate

100.0%

60.8%+39.2pp

69.1%+30.9pp

69.6%+30.4pp

Annual return

-4.10%

-1.39%-2.7pp

-4.08%0pp

7.63%-11.7pp

Employer contribution / active EE

$7,396

$1,668+343.3%

$2,566+188.3%

$2,381+210.6%

Participant deferral / active EE

$7,947

$2,484+219.9%

$3,568+122.7%

$3,470+129.0%

Admin fee / account holder

$12,036

$3,863+211.6%

$4,507+167.1%

$4,887+146.3%

SANTA BARBARA METROPOLITAN TRANSIT DISTRICT PROFIT SHARING AND SALARY DEFERRAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANTA BARBARA METROPOLITAN TRANSIT DISTRICT PROFIT SHARING AND SALARY DEFERRAL 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