Retirement plan

ALORICA 401(K) RETIREMENT PLAN

Name: ALORICA, INC. - ALORICA 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: ALORICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALORICA 401(K) RETIREMENT PLAN, ALORICA, INC.

ALORICA, INC.EIN 95-4740339Plan #002PY 2024

5161 CALIFORNIA AVE - IRVINE, CA 92617949-527-4600alorica.comLinkedIn10001+ employeesoutsourcing/offshoring

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed September 22, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$146.5M

+4.1% from 2023

Total participants

18,734

+3.1% from 2023

Average account balance

$45,220

+12.5% from 2023

Annual return

13.96%

-2.31 pp from 2023

Benchmarks

See 96 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort96 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$146.47M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

3,239

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.

11.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$416

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$122

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$252,592
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 70 · EIN 20-8764829	Consulting Fees	$93,136
BDO USA, LLP1 year Filed as: BDO USA P.C. Service code 50 · EIN 13-5381590	Direct Payment	$41,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$394K

$22 / participant

Recordkeeping$253K64.1%
Investment mgmt$93K23.6%
Other / not subdivided$48K12.2%

% of EOY assets

0.269%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $41,500
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,220

$128,056-64.7%

$146,958-69.2%

$106,382-57.5%

Participation rate

11.8%

67.2%-55.4pp

82.2%-70.4pp

69.9%-58.1pp

Annual return

13.96%

17.89%-3.9pp

418.34%-404.4pp

17.37%-3.4pp

Employer contribution / active EE

$98

$3,384-97.1%

$4,933-98.0%

$3,364-97.1%

Participant deferral / active EE

$318

$7,674-95.9%

$8,070-96.1%

$5,569-94.3%

Admin fee / account holder

$122

$89+37.3%

$12,998-99.1%

$79+53.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$252,592

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 70 · EIN 20-8764829

Consulting Fees

$93,136

BDO USA, LLP1 year

Filed as: BDO USA P.C.

Service code 50 · EIN 13-5381590

Direct Payment

$41,500

ALORICA 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALORICA 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

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