Retirement plan

ROGER'S GARDENS 401(K) PROFIT SHARING PLAN

Name: ROGER'S GARDENS NEWPORT BEACH - ROGER'S GARDENS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ROGER'S GARDENS NEWPORT BEACH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROGER'S GARDENS 401(K) PROFIT SHARING PLAN, ROGER'S GARDENS NEWPORT BEACH

ROGER'S GARDENS NEWPORT BEACHEIN 95-2832023Plan #001PY 2023

2301 SAN JOAQUIN HILLS ROAD - CORONA DEL MAR, CA 92625949-721-2100LinkedIn51-200 employeesretail

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.4M

-3.8% from 2022

Total participants

167

-0.6% from 2022

Average account balance

$48,360

-2.5% from 2022

Annual return

13.28%

+29.04 pp from 2022

Benchmarks

See 9,484 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,484 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.32M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

83.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$354K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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

See the 9-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP7 years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$30,919
INDEPENDENT FINANCIAL GROUP LLC7 years Filed as: INDEPENDENT FINANCIAL GROUP, LLC Service code 27 · EIN 71-0927304	Advisory (Plan)	$20,128
PENSION ASSURANCE LLP3 years Filed as: PENSION BENEFITS UNLIMITED Service code 13 · EIN 33-0499726	Contract Administrator	$7,543
CHARLES SCHWAB & CO., INC.7 years Filed as: CHARLES SCHWAB Service code 19 · EIN 25-1838406	Securities Custodian	$2,366

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

$58K

$657 / participant

Investment mgmt$20K34.4%
Contract admin$38K65.6%

% of EOY assets

0.790%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SINGER LEWAK LLP
Auditor EIN: 952302617
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,360

$65,561-26.2%

$86,188-43.9%

$75,163-35.7%

Participation rate

84.3%

60.5%+23.8pp

69.0%+15.3pp

67.2%+17.1pp

Annual return

13.28%

46.05%-32.8pp

1168.45%-1155.2pp

160.62%-147.3pp

Employer contribution / active EE

$586

$1,553-62.2%

$2,380-75.4%

$2,670-78.0%

Participant deferral / active EE

$4,043

$3,024+33.7%

$3,985+1.5%

$4,125-2.0%

Admin fee / account holder

$382

$5,474-93.0%

$6,852-94.4%

$5,651-93.2%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP7 years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$30,919

INDEPENDENT FINANCIAL GROUP LLC7 years

Filed as: INDEPENDENT FINANCIAL GROUP, LLC

Service code 27 · EIN 71-0927304

Advisory (Plan)

$20,128

PENSION ASSURANCE LLP3 years

Filed as: PENSION BENEFITS UNLIMITED

Service code 13 · EIN 33-0499726

Contract Administrator

$7,543

CHARLES SCHWAB & CO., INC.7 years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 25-1838406

Securities Custodian

$2,366

ROGER'S GARDENS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROGER'S GARDENS 401(K) 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