Retirement plan

CARRIER JOHNSON 401(K) RETIREMENT SAVINGS PLAN

Name: CARRIER JOHNSON - CARRIER JOHNSON 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: CARRIER JOHNSON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARRIER JOHNSON 401(K) RETIREMENT SAVINGS PLAN, CARRIER JOHNSON

CARRIER JOHNSONEIN 95-3138414Plan #002PY 2023

185 WEST F STREET, SUITE 500 - SAN DIEGO, CA 92101619-239-2353carrierjohnson.comLinkedIn51-200 employeesarchitecture & planning

Other plans on this EIN

1 filing

#003Retirement-$9.6M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$6.7M

-3.6% from 2022

Total participants

135

-8.2% from 2022

Average account balance

$50,716

+5.1% from 2022

Annual return

13.82%

+29.38 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.82M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$655K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 1 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY6 years Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 26 16644 WEST BERNARDO DRIVE · SAN DIEGO, CA 92127	Advisory (Participants)	$16,682

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$277 / participant

Recordkeeping$3K15.0%
Investment mgmt$17K82.6%
Contract admin$4752.4%

% of EOY assets

0.302%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SABOCOR AND CO., LLP
Auditor EIN: 954588168
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,716

$93,617-45.8%

$135,982-62.7%

$75,177-32.5%

Participation rate

95.9%

75.2%+20.7pp

81.9%+14.0pp

67.2%+28.7pp

Annual return

13.82%

30.89%-17.1pp

68.32%-54.5pp

160.75%-146.9pp

Employer contribution / active EE

$3,538-100.0%

$4,859-100.0%

$2,671-100.0%

Participant deferral / active EE

$9,597

$6,406+49.8%

$7,760+23.7%

$4,126+132.6%

Admin fee / account holder

$153

$6,980-97.8%

$10,767-98.6%

$5,651-97.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6 years

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 26

16644 WEST BERNARDO DRIVE · SAN DIEGO, CA 92127

Advisory (Participants)

$16,682

CARRIER JOHNSON 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARRIER JOHNSON 401(K) RETIREMENT SAVINGS 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