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 (2022) 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 2022

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$242K

-5.9% from 2021

Total participants

-5.6% from 2021

Average account balance

$60,534

-5.9% from 2021

Annual return

-18.14%

-31.65 pp from 2021

Benchmarks

See 8,947 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort8,947 peers

Snapshot2022

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$67 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.441%

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

$60,534

$152,591-60.3%

$117,529-48.5%

$134,545-55.0%

Participation rate

18.8%

77.1%-58.4pp

70.6%-51.9pp

81.2%-62.5pp

Annual return

-18.14%

53.04%-71.2pp

29.77%-47.9pp

418.37%-436.5pp

Employer contribution / active EE

$5,576-100.0%

$4,179-100.0%

$4,742-100.0%

Participant deferral / active EE

$1,965

$4,821-59.2%

$4,072-51.8%

$6,401-69.3%

Admin fee / account holder

$267

$7,004-96.2%

$5,645-95.3%

$11,431-97.7%

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