Retirement plan

SOUND DEVELOPMENT, LLC 401(K) PLAN

Name: SOUND DEVELOPMENT, LLC - SOUND DEVELOPMENT, LLC 401(K) PLAN (2019) Form 5500
Creator: SOUND DEVELOPMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND DEVELOPMENT, LLC 401(K) PLAN, SOUND DEVELOPMENT, LLC

SOUND DEVELOPMENT, LLCEIN 03-0510658Plan #001PY 2019

CO ALTMAN GREENFIELD AND SELVAGGI, 200 PARK AVENUE SOUTH, 8TH FL - NEW YORK, NY 10003212-768-4500

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$153K

No prior year

Total participants

No prior year

Average account balance

$30,501

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 7,347 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort7,347 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$649K

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38486

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$30,501

$176,688-82.7%

$130,660-76.7%

$152,885-80.0%

Participation rate

83.3%

79.0%+4.4pp

71.7%+11.6pp

82.5%+0.9pp

Annual return

0.00%

2693.08%-2693.1pp

1709.29%-1709.3pp

345.39%-345.4pp

Employer contribution / active EE

$3,465

$5,743-39.7%

$4,092-15.3%

$4,763-27.2%

Participant deferral / active EE

$6,650

$4,362+52.4%

$3,603+84.6%

$5,851+13.7%

Admin fee / account holder

$7,131-100.0%

$5,463-100.0%

$11,598-100.0%

SOUND DEVELOPMENT, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SOUND DEVELOPMENT, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion