Retirement plan

CENTRAL CALIFORNIA IBEW-NECA PROFIT SHARING PLAN

Name: BOARD OF TRUSTEES, CENTRAL CALIFORNIA IBEW-NECA - CENTRAL CALIFORNIA IBEW-NECA PROFIT SHARING PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES, CENTRAL CALIFORNIA IBEW-NECA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL CALIFORNIA IBEW-NECA PROFIT SHARING PLAN, BOARD OF TRUSTEES, CENTRAL CALIFORNIA IBEW-NECA

BOARD OF TRUSTEES, CENTRAL CALIFORNIA IBEW-NECAdba PROFIT SHARING PLANEIN 95-6209008Plan #002PY 2024

6800 SANTA TERESA BLVD STE 100 - SAN JOSE, CA 95119408-288-4400

Other plans on this EIN

1 filing

#001Retirement-$126.2M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$75.7M

+6.3% from 2023

Total participants

976

+3.0% from 2023

Average account balance

No prior year

Annual return

6.91%

-3.22 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$75.69M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

499

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+6.91%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
UNITED ADMINISTRATIVE SERVICES10+ years Service code 13 · EIN 94-1749354	Contract Administrator	$31,208
BERLA INVESTMENT CONSULTING10+ years Service code 27 PO BOX 4067 · WALNUT CREEK, CA 94596	Advisory (Plan)	$28,000
MILLER KAPLAN ARASE LLP10+ years Service code 10 · EIN 95-2036255	Accounting	$26,972
US BANK7 years Filed as: U.S. BANK NATIONAL ASSOCIATION Service code 19 · EIN 31-0841368	Securities Custodian	$10,363
NEYHART, ANDERSON, FLYNN & GROSBOLL10+ years Service code 29 · EIN 94-2576729	Legal	$7,403
SMART SOURCE LLC1 year Filed as: SMART SOURCE CRITICAL COMMUNICATION Service code 49 16634 MILLIKAN AVE · IRVINE, CA 92606	Other Services	$5,660

Plan features & details

Pension benefit codes2E2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$163K

$341 / participant

Recordkeeping$10K5.8%
Investment mgmt$38K23.1%
Legal$10K6.3%
Other trustee fees$8490.5%
Contract admin$38K23.1%
Other / not subdivided$67K41.2%

% of EOY assets

0.215%

all-in expense ratio

Categories reported

5 / 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: $17,450
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,023-100.0%

$102,437-100.0%

$77,762-100.0%

Participation rate

0.0%

71.5%-71.5pp

74.5%-74.5pp

70.6%-70.6pp

Annual return

6.91%

19.12%-12.2pp

24.95%-18.0pp

31.27%-24.4pp

Employer contribution / active EE

$2,985

$3,552-16.0%

$3,871-22.9%

$2,728+9.4%

Participant deferral / active EE

$3,198

$4,110-22.2%

$5,060-36.8%

$4,651-31.2%

Admin fee / account holder

$639-100.0%

$8,388-100.0%

$433-100.0%

Provider

Service type

Compensation

UNITED ADMINISTRATIVE SERVICES10+ years

Service code 13 · EIN 94-1749354

Contract Administrator

$31,208

BERLA INVESTMENT CONSULTING10+ years

Service code 27

PO BOX 4067 · WALNUT CREEK, CA 94596

Advisory (Plan)

$28,000

MILLER KAPLAN ARASE LLP10+ years

Service code 10 · EIN 95-2036255

Accounting

$26,972

US BANK7 years

Filed as: U.S. BANK NATIONAL ASSOCIATION

Service code 19 · EIN 31-0841368

Securities Custodian

$10,363

NEYHART, ANDERSON, FLYNN & GROSBOLL10+ years

Service code 29 · EIN 94-2576729

Legal

$7,403

SMART SOURCE LLC1 year

Filed as: SMART SOURCE CRITICAL COMMUNICATION

Service code 49

16634 MILLIKAN AVE · IRVINE, CA 92606

Other Services

$5,660

CENTRAL CALIFORNIA IBEW-NECA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL CALIFORNIA IBEW-NECA PROFIT SHARING 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