Retirement plan

CALIFORNIA AERONAUTICAL UNIVERSITY 401(K) RETIREMENT PLAN

Name: CALIFORNIA AERONAUTICAL UNIVERSITY - CALIFORNIA AERONAUTICAL UNIVERSITY 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: CALIFORNIA AERONAUTICAL UNIVERSITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALIFORNIA AERONAUTICAL UNIVERSITY 401(K) RETIREMENT PLAN, CALIFORNIA AERONAUTICAL UNIVERSITY

CALIFORNIA AERONAUTICAL UNIVERSITYEIN 95-2742708Plan #001PY 2022

1450 BOUGHTON DRIVE - BAKERSFIELD, CA 93008661-615-5914

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.8M

-21.6% from 2021

Total participants

141

-18.5% from 2021

Average account balance

$22,354

-24.4% from 2021

Annual return

-16.25%

-29.14 pp from 2021

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

48.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2875

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
BENEFIT EQUITY, INC.4 years Filed as: BENEFIT EQUITY, INC Service code 14 · EIN 33-0384246 525 N CABRILLO PARK DRIVE · SANTA ANA, CA 92701	Plan Administrator	$7,103
IRON-CO-FID-COMPREHENSIVE4 years Service code 27 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Advisory (Plan)	$1,482
NATIONWIDE4 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-4156830 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Recordkeeping	$281

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$42 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.250%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSIONS ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,354

$60,989-63.3%

$60,906-63.3%

$66,938-66.6%

Participation rate

46.4%

74.5%-28.1pp

73.1%-26.7pp

69.8%-23.5pp

Annual return

-16.25%

-9.60%-6.6pp

16.94%-33.2pp

1.58%-17.8pp

Employer contribution / active EE

$2,661-100.0%

$2,703-100.0%

$2,545-100.0%

Participant deferral / active EE

$1,267

$3,615-64.9%

$3,814-66.8%

$4,238-70.1%

Admin fee / account holder

$56

$338-83.5%

$3,227-98.3%

$594-90.6%

Provider

Service type

Compensation

BENEFIT EQUITY, INC.4 years

Filed as: BENEFIT EQUITY, INC

Service code 14 · EIN 33-0384246

525 N CABRILLO PARK DRIVE · SANTA ANA, CA 92701

Plan Administrator

$7,103

IRON-CO-FID-COMPREHENSIVE4 years

Service code 27 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Advisory (Plan)

$1,482

NATIONWIDE4 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-4156830

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Recordkeeping

$281

CALIFORNIA AERONAUTICAL UNIVERSITY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALIFORNIA AERONAUTICAL UNIVERSITY 401(K) RETIREMENT 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