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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1984
  • Net Assets as of 12/31/2019 $151,444,280
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants1,487
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits337
  • Subtotal1,824
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,824
  • Total number of participants as of 01/01/20191,469
  • Number of participants with account balances1,711
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested104

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address12657 Alcosta Blvd, Suite 500
  • CitySan Ramon
  • StateCA
  • Zip94583
  • Telephone(925) 790-2742
  • EIN94-6214841
  • Industry Code541211
  • Named AdministratorChristopher Carlberg
  • Named Plan SponsorChristopher Carlberg

Audit Information

  • Audit StatusAudited
  • AuditorFarber Hass Hurley LLP
  • Auditor EIN20-4207759
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
3B Self-Employed Plan Plan covering Self-Employed individuals.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $48,499,151
Contributions $23,766,410
Cash Contributions $23,766,410
Cash from Employers $5,474,611
Cash from Participants $10,904,611
Others (including rollovers) $7,387,188
Noncash Contributions $0
Total Earnings on Investments $23,167,123
Total Interest $69,645
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $69,645
Interest from Other Investments $0
Total Dividends $3,707,056
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $19,390,422
Other Income $1,565,618
Expenses $6,996,015
Total Benefit Payments $6,591,555
Directly to participants or beneficiaries, including direct rollovers $6,591,555
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $404,460
Professional Fees $404,460
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $41,503,136
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $151,444,280 $109,941,144 37.75%
Total noninterest-bearing cash $27,388 $8,502 222.14%
Receivables $5,778,077 $4,625,792 24.91%
Employer Contributions $5,472,169 $4,387,080 24.73%
Participant Contributions $305,908 $238,712 28.15%
Other Contributions $0 $0 0.0%
General Investments $7,920,009 $7,630,768 3.79%
Interest-bearing cash $7,920,009 $7,630,768 3.79%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $1,512,017 $1,179,833 28.16%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $128,060,462 $88,963,485 43.95%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $8,146,327 $7,532,764 8.15%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $151,444,280 $109,941,144 37.75%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Charles Schwab Investment Mgmt
  • Charles Schwab & Co. Inc.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Big Sky Asset Management, LLC Investment advisory (plan), Direct payment from the plan NONE $206,987 $0 $206,987
Milliman Custodial (securities), Copying and duplicating, Participant loan processing, Participant communication, Direct payment from the plan, Shareholder servicing fees, Float revenue, Recordkeeping fees, Consulting fees, Recordkeeping and information management (computing, tabulating, data processing, etc.) NONE $147,059 $0 $147,059
Intersect Capital LLC Investment advisory (plan), Direct payment from the plan NONE $33,746 $0 $33,746
Charles Schwab Bank Custodial (securities), Trustee (bank, trust company, or similar financial institution), Trustee (directed), Shareholder servicing fees, Float revenue NONE $13,846 $0 $13,846
Zrc Wealth Management Investment advisory (plan), Direct payment from the plan NONE $2,783 $0 $2,783
Charles Schwab & Co., Inc. Custodial (securities), Shareholder servicing fees NONE $2,498 $0 $2,498
Total $406,919 $0 $406,919

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Charles Schwab & Co., Inc. Allianz Funds Custodial (securities), Shareholder servicing fees Range of 0.02-0.40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Fidelity Investments Custodial (securities), Shareholder servicing fees Range of 0.00-0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Matthews Asia Funds Custodial (securities), Shareholder servicing fees Range of 0.00-0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Oakmark Custodial (securities), Shareholder servicing fees Range of 0.00-0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. T. Rowe Price Custodial (securities), Shareholder servicing fees Range of 0.00-0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Eaton Vance Custodial (securities), Shareholder servicing fees Range of 0.00-0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. American Beacon Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Artisan Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Alphacentric Funds Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Primecap Odyssey Funds Custodial (securities), Shareholder servicing fees Range of 0.00-0.02% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Eaton Vance Custodial (securities), Shareholder servicing fees Rate of .07% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Janus Henderson Custodial (securities), Shareholder servicing fees Rate of .35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Metropolitan West Funds Custodial (securities), Shareholder servicing fees Rate of .10% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Royce Custodial (securities), Shareholder servicing fees Rate of .20% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Primecap Odyssey Funds Custodial (securities), Shareholder servicing fees Rate of .08% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Harding Loevner Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Fidelity Investments Custodial (securities), Shareholder servicing fees Rate of .10% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Value Line Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Schwab Funds Custodial (securities), Shareholder servicing fees Rate of .15% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Brown Capital Management, LLC Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. T. Rowe Price Custodial (securities), Shareholder servicing fees Rate of .15% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Oakmark Custodial (securities), Shareholder servicing fees Rate of .35% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Matthews Asia Funds Custodial (securities), Shareholder servicing fees Rate of .40% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Pgim Funds Custodial (securities), Shareholder servicing fees Rate of .10% of Average Daily Balance of Assets $0
Charles Schwab & Co., Inc. Doubleline Custodial (securities), Shareholder servicing fees Range of 0.15-0.36% of Average Daily Balance of Assets $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.