Retirement plan

ARETE ASSOCIATES 401(K) PROFIT SHARING PLAN

Name: ARETE ASSOCIATES - ARETE ASSOCIATES 401(K) PROFIT SHARING PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#003Retirement-$55.8M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$177.7M

-5.9% from 2016

Total participants

550

0.0% from 2016

Average account balance

$327,272

-4.4% from 2016

Annual return

14.05%

-5.98 pp from 2016

Benchmarks

See 2,991 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,991 peers

Snapshot2021

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 2 by compensation

Provider	Service type	Compensation
BENEFIT FINACIAL SERVICES GROUP4 years Service code 16 2040 MAIN STREET · IRVINE, CA 92614	Consulting	$61,289
T ROWE PRICE RPS INC7+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$1,340

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$63K

$173 / participant

Other / not subdivided$63K100.0%

% of EOY assets

0.035%

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: BEESON, HOFFMAN & SIDDALL, INC.
Auditor EIN: 953654092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$327,272

$104,336+213.7%

$159,495+105.2%

$86,828+276.9%

Participation rate

98.1%

77.7%+20.4pp

82.8%+15.2pp

72.3%+25.8pp

Annual return

14.05%

26.32%-12.3pp

263.72%-249.7pp

97.95%-83.9pp

Employer contribution / active EE

$6,076

$3,451+76.1%

$4,831+25.8%

$2,406+152.5%

Participant deferral / active EE

$11,413

$6,837+66.9%

$7,354+55.2%

$4,132+176.2%

Admin fee / account holder

$115

$172-33.0%

$10,804-98.9%

$170-32.0%

Provider

Service type

Compensation

BENEFIT FINACIAL SERVICES GROUP4 years

Service code 16

2040 MAIN STREET · IRVINE, CA 92614

Consulting

$61,289

T ROWE PRICE RPS INC7+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$1,340

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