Retirement plan

AMATO'S PROFIT SHARING PLAN

Name: AMATO'S SANDWICH SHOPS, INC. - AMATO'S PROFIT SHARING PLAN (2024) Form 5500
Creator: AMATO'S SANDWICH SHOPS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMATO'S PROFIT SHARING PLAN, AMATO'S SANDWICH SHOPS, INC.

AMATO'S SANDWICH SHOPS, INC.EIN 01-0314094Plan #001PY 2024

312 ST. JOHN STREET - PORTLAND, ME 04102207-939-0140LinkedIn1-10 employeesrestaurants

Prospect flagsLow returnsLow assets / participantLow fidelity bond

Top hat statement on fileNQDC

Filed October 19, 2021 (most recent of 3 filings on file)

Plan administrator

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312 St John St

Portland, ME 04102

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Plans declared (1)

Tim Ferrante Plan1 emp

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Total assets (EOY)

$2.7M

+29.3% from 2023

Total participants

150

+4.2% from 2023

Average account balance

$18,252

+24.8% from 2023

Annual return

10.52%

-2.71 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

146

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$409K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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 1 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS3 years Filed as: SENTINEL BENEFITS GROUP Service code 15 100 QUANNAPOWITT PARKWAY · WAKEFIELD, MA 01880	Recordkeeping	$19,611

Plan features & details

Pension benefit codes2A2E2F2G2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$21K

$182 / participant

Contract admin$21K100.0%

% of EOY assets

0.773%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,252

$59,448-69.3%

$93,696-80.5%

$74,459-75.5%

Participation rate

96.5%

59.6%+36.8pp

68.7%+27.7pp

67.2%+29.2pp

Annual return

10.52%

82.11%-71.6pp

133.74%-123.2pp

1369.70%-1359.2pp

Employer contribution / active EE

$3,622

$1,266+186.0%

$2,422+49.6%

$2,626+37.9%

Participant deferral / active EE

$3,052-100.0%

$4,417-100.0%

$4,350-100.0%

Admin fee / account holder

$141

$3,027-95.3%

$8,287-98.3%

$1,945-92.7%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS3 years

Filed as: SENTINEL BENEFITS GROUP

Service code 15

100 QUANNAPOWITT PARKWAY · WAKEFIELD, MA 01880

Recordkeeping

$19,611

AMATO'S PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMATO'S PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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