Retirement plan

S BRAVO SYSTEMS INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: S BRAVO SYSTEMS INC. - S BRAVO SYSTEMS INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: S BRAVO SYSTEMS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S BRAVO SYSTEMS INC. 401(K) PROFIT SHARING PLAN AND TRUST, S BRAVO SYSTEMS INC.

S BRAVO SYSTEMS INC.EIN 95-4090019Plan #002PY 2022

2929 VAIL AVENUE - COMMERCE, CA 900402615323-888-4133sbravo.comLinkedIn201-500 employeesoil & energy

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.6M

-11.7% from 2021

Total participants

119

+19.0% from 2021

Average account balance

$16,856

-25.0% from 2021

Annual return

-15.29%

-27.54 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.45M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$242K

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

+10.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2471

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC2 years Filed as: FUTURE BY ASCENSUS - QBI Service code 13 PO BOX 734602 · CHICAGO, IL 60673	Contract Administrator	$1,600
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Service code 15 · EIN 01-0233346	Recordkeeping	$795

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$110 / participant

Contract admin$2K24.3%
Other / not subdivided$7K75.7%

% of EOY assets

0.630%

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: SKEEHAN & COMPANY
Auditor EIN: 954023565
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,856

$54,370-69.0%

$82,763-79.6%

$68,490-75.4%

Participation rate

71.1%

63.9%+7.2pp

72.6%-1.5pp

67.9%+3.2pp

Annual return

-15.29%

-13.67%-1.6pp

702.45%-717.7pp

-7.85%-7.4pp

Employer contribution / active EE

$2,219-100.0%

$3,008-100.0%

$2,597-100.0%

Participant deferral / active EE

$2,180

$3,247-32.9%

$4,395-50.4%

$4,028-45.9%

Admin fee / account holder

$106

$4,398-97.6%

$5,325-98.0%

$5,403-98.0%

Provider

Service type

Compensation

ASCENSUS LLC2 years

Filed as: FUTURE BY ASCENSUS - QBI

Service code 13

PO BOX 734602 · CHICAGO, IL 60673

Contract Administrator

$1,600

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Service code 15 · EIN 01-0233346

Recordkeeping

$795

S BRAVO SYSTEMS INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S BRAVO SYSTEMS INC. 401(K) PROFIT SHARING PLAN AND TRUST

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