Retirement plan

SHERRIFS EMPLOYEE BEN ASSOC 401(K) PROFIT SHARING PLAN & TRUST

Name: SAN BERNARDINO COUNTY SAFETY EMPLOYEE BENEFIT ASSOCIATION - SHERRIFS EMPLOYEE BEN ASSOC 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: SAN BERNARDINO COUNTY SAFETY EMPLOYEE BENEFIT ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHERRIFS EMPLOYEE BEN ASSOC 401(K) PROFIT SHARING PLAN & TRUST, SAN BERNARDINO COUNTY SAFETY EMPLOYEE BENEFIT ASSOCIATION

SAN BERNARDINO COUNTY SAFETY EMPLOYEE BENEFIT ASSOCIATIONEIN 95-6059097Plan #002PY 2020

735 EAST CARNEGIE DRIVE, SUITE 125 - SAN BERNARDINO, CA 92408909-885-6074seba.bizLinkedIn1-10 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

-3.5% from 2019

Total participants

-9.1% from 2019

Average account balance

$190,686

+6.2% from 2019

Annual return

21.14%

-0.31 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$691K

$76780 / participant

Other / not subdivided$691K100.0%

% of EOY assets

36.239%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,686

$100,938+88.9%

$90,461+110.8%

$158,982+19.9%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

21.14%

1727.20%-1706.1pp

1294.76%-1273.6pp

302.99%-281.9pp

Employer contribution / active EE

$14,568

$3,691+294.6%

$3,264+346.3%

$4,763+205.9%

Participant deferral / active EE

$8,254

$4,350+89.8%

$3,964+108.2%

$5,983+38.0%

Admin fee / account holder

$69,102

$6,510+961.5%

$5,617+1130.3%

$11,252+514.2%

SHERRIFS EMPLOYEE BEN ASSOC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHERRIFS EMPLOYEE BEN ASSOC 401(K) PROFIT SHARING PLAN & 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