Retirement plan

IDEALAB 401(K) PLAN

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

IDEALABEIN 95-4569774Plan #001PY 2023

130 W. UNION STREET - PASADENA, CA 91103626-685-4969idealab.comLinkedIn51-200 employeesinternet

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

+4.3% from 2022

Total participants

115

-20.1% from 2022

Average account balance

$136,957

+31.1% from 2022

Annual return

12.37%

+33.95 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.73M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

102

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$305K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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 5 by compensation

Provider	Service type	Compensation
OAKWOOD CAPITAL SECURITIES, INC.1 year Filed as: OAKWOOD CAPITAL SECURITIES, INC Service code 55 600 HIGHWAY 169 S, STE, 1410 · MINNEAPOLIS, MN 55426	Other Commissions	$25,400
KESTRA INVESTMENT SERVICES LLC8 years Service code 55 1250 CAPITAL OF TEXAS HWY S #2-125 · AUSTIN, TX 78746	Other Commissions	$8,435
TRUOG-RYDING COMPANY, INC.9+ years Service code 13	Contract Administrator	$5,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP,LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,942
TRUOG-RYDING COMPANY, INC.9+ years Filed as: TRUOG-RYDING COMPANY INC Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VLLAGE, CA 91361	Contract Administrator	$0

Plan features & details

Pension benefit codes2F2G2J2T3D3H

Plan features

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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

$2K

$81 / participant

Investment mgmt$1K65.2%
Contract admin$65034.8%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,957

$148,582-7.8%

$135,942+0.7%

$139,456-1.8%

Participation rate

73.9%

83.9%-9.9pp

81.9%-8.0pp

80.3%-6.4pp

Annual return

12.37%

79.26%-66.9pp

68.28%-55.9pp

373.45%-361.1pp

Employer contribution / active EE

$5,245-100.0%

$4,858-100.0%

$4,753-100.0%

Participant deferral / active EE

$13,612

$8,101+68.0%

$7,759+75.4%

$6,711+102.8%

Admin fee / account holder

$17

$12,402-99.9%

$10,764-99.8%

$11,407-99.8%

Provider

Service type

Compensation

OAKWOOD CAPITAL SECURITIES, INC.1 year

Filed as: OAKWOOD CAPITAL SECURITIES, INC

Service code 55

600 HIGHWAY 169 S, STE, 1410 · MINNEAPOLIS, MN 55426

Other Commissions

$25,400

KESTRA INVESTMENT SERVICES LLC8 years

Service code 55

1250 CAPITAL OF TEXAS HWY S #2-125 · AUSTIN, TX 78746

Other Commissions

$8,435

TRUOG-RYDING COMPANY, INC.9+ years

Service code 13

Contract Administrator

$5,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP,LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,942

TRUOG-RYDING COMPANY, INC.9+ years

Filed as: TRUOG-RYDING COMPANY INC

Service code 13

2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VLLAGE, CA 91361

Contract Administrator

IDEALAB 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IDEALAB 401(K) 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