Retirement plan

FEDERAL DEFENDERS OF SAN DIEGO, INC. 401(K) PENSION PLAN

Name: FEDERAL DEFENDERS OF SAN DIEGO, INC. - FEDERAL DEFENDERS OF SAN DIEGO, INC. 401(K) PENSION PLAN (2019) Form 5500
Creator: FEDERAL DEFENDERS OF SAN DIEGO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FEDERAL DEFENDERS OF SAN DIEGO, INC. 401(K) PENSION PLAN, FEDERAL DEFENDERS OF SAN DIEGO, INC.

FEDERAL DEFENDERS OF SAN DIEGO, INC.EIN 95-2678506Plan #001PY 2019

225 BROADWAY #900 - SAN DIEGO, CA 92101619-234-8467fdsdi.comLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$32.1M

+7.1% from 2018

Total participants

196

+3.7% from 2018

Average account balance

$165,681

+2.1% from 2018

Annual return

4.22%

-3.90 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.33M

Not enough data

1 years with asset history on file

Average account balance

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

$265K

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.

231

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$642

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$76,333
PENSIONMARK FINANCIAL GROUP LLC3 years Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$55,887
QBI, LLC4+ years Filed as: QBI LLC Service code 13 21031 VENTURA BLVD 12TH FLOOR · WOODLAND HILLS, CA 91364	Contract Administrator	$12,995

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$146K

$1101 / participant

Contract admin$146K100.0%

% of EOY assets

0.455%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,681

$89,652+84.8%

$141,191+17.3%

$65,185+154.2%

Participation rate

98.5%

74.7%+23.8pp

82.5%+16.0pp

70.2%+28.3pp

Annual return

4.22%

32.79%-28.6pp

71.41%-67.2pp

29.38%-25.2pp

Employer contribution / active EE

$11,650

$3,065+280.1%

$4,736+146.0%

$2,177+435.2%

Participant deferral / active EE

$6,950

$5,691+22.1%

$6,710+3.6%

$3,514+97.8%

Admin fee / account holder

$754

$569+32.7%

$10,264-92.6%

$847-10.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$76,333

PENSIONMARK FINANCIAL GROUP LLC3 years

Service code 27

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$55,887

QBI, LLC4+ years

Filed as: QBI LLC

Service code 13

21031 VENTURA BLVD 12TH FLOOR · WOODLAND HILLS, CA 91364

Contract Administrator

$12,995

FEDERAL DEFENDERS OF SAN DIEGO, INC. 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FEDERAL DEFENDERS OF SAN DIEGO, INC. 401(K) PENSION 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