Retirement plan

MELISSA HOFFMAN DANCE CENTER 401(K) PROFIT SHARING PLAN

Name: MELISSA HOFFMAN DANCE CENTER, IN - MELISSA HOFFMAN DANCE CENTER 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MELISSA HOFFMAN DANCE CENTER, IN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MELISSA HOFFMAN DANCE CENTER 401(K) PROFIT SHARING PLAN, MELISSA HOFFMAN DANCE CENTER, IN

MELISSA HOFFMAN DANCE CENTER, INEIN 02-0474643Plan #001PY 2024

210 ROBINSON ROAD - HUDSON, NH 03051603-886-7909

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$7K

-97.9% from 2023

Total participants

-95.0% from 2023

Average account balance

$6,549

-91.7% from 2023

Annual return

10.56%

-6.88 pp from 2023

Benchmarks

See 10,265 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort10,265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7K

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$397427

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$397K

Other / not subdivided$397K100.0%

% of EOY assets

6068.514%

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

$6,549

$169,161-96.1%

$129,295-94.9%

$145,959-95.5%

Participation rate

0.0%

76.5%-76.5pp

69.6%-69.6pp

80.3%-80.3pp

Annual return

10.56%

14348.07%-14337.5pp

9429.28%-9418.7pp

561.95%-551.4pp

Employer contribution / active EE

$5,543-100.0%

$4,157-100.0%

$4,661-100.0%

Participant deferral / active EE

$4,989-100.0%

$4,169-100.0%

$6,689-100.0%

Admin fee / account holder

$397,427

$9,878+3923.3%

$7,665+5084.7%

$13,398+2866.4%

MELISSA HOFFMAN DANCE CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MELISSA HOFFMAN DANCE CENTER 401(K) 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