Retirement plan

ARETE ASSOCIATES 401(K) PROFIT SHARING PLAN

Name: ARETE ASSOCIATES - ARETE ASSOCIATES 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ARETE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARETE ASSOCIATES 401(K) PROFIT SHARING PLAN, ARETE ASSOCIATES

ARETE ASSOCIATESEIN 95-2954108Plan #002PY 2024

9301 CORBIN AVE - NORTHRIDGE, CA 91324818-885-2295

Other plans on this EIN

1 filing

#003Retirement-$77.1M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$193.7M

+13.4% from 2023

Total participants

643

+5.2% from 2023

Average account balance

$308,371

+9.4% from 2023

Annual return

16.18%

-5.80 pp from 2023

Benchmarks

See 3,302 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,302 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$193.66M

Not enough data

1 years with asset history on file

Average account balance

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

$308K

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.

628

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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
BENEFIT FINANCIAL SERVICES GROUP1 year Service code 16 2040 MAIN STREET · IRVINE, CA 92614	Consulting	$65,323
BEESON, TAYER & BODINE7 years Filed as: BEESON, HOFFMAN AND SIDDALL INC Service code 10 500 NORTH CENTRAL AVENUE · GLENDALE, CA 91203	Accounting	$10,782
T ROWE PRICE RPS INC10+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$1,940

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$78K

$189 / participant

Recordkeeping$2K2.5%
Other / not subdivided$76K97.5%

% of EOY assets

0.040%

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: BEESON, HOFFMAN & SIDDALL, INC.
Auditor EIN: 953654092
Audit fees: $10,782
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$308,371

$106,247+190.2%

$147,096+109.6%

$77,714+296.8%

Participation rate

96.4%

78.4%+18.0pp

82.2%+14.2pp

70.6%+25.8pp

Annual return

16.18%

56.87%-40.7pp

419.75%-403.6pp

31.26%-15.1pp

Employer contribution / active EE

$6,628

$4,069+62.9%

$4,936+34.3%

$2,727+143.1%

Participant deferral / active EE

$12,465

$7,996+55.9%

$8,071+54.4%

$4,649+168.1%

Admin fee / account holder

$125

$338-63.2%

$13,005-99.0%

$433-71.2%

Provider

Service type

Compensation

BENEFIT FINANCIAL SERVICES GROUP1 year

Service code 16

2040 MAIN STREET · IRVINE, CA 92614

Consulting

$65,323

BEESON, TAYER & BODINE7 years

Filed as: BEESON, HOFFMAN AND SIDDALL INC

Service code 10

500 NORTH CENTRAL AVENUE · GLENDALE, CA 91203

Accounting

$10,782

T ROWE PRICE RPS INC10+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$1,940

ARETE ASSOCIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARETE ASSOCIATES 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