Retirement plan

EDGARTOWN YACHT CLUB PROFIT SHARING PLAN

Name: EDGARTOWN YACHT CLUB, INC. - EDGARTOWN YACHT CLUB PROFIT SHARING PLAN (2024) Form 5500
Creator: EDGARTOWN YACHT CLUB, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDGARTOWN YACHT CLUB PROFIT SHARING PLAN, EDGARTOWN YACHT CLUB, INC.

EDGARTOWN YACHT CLUB, INC.EIN 04-1278322Plan #001PY 2024

P.O.BOX 1309 - EDGARTOWN, MA 02539508-627-4361edgartownyc.orgLinkedIn1-10 employeessports

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+39.7% from 2023

Total participants

+7.7% from 2023

Average account balance

$207,010

+51.4% from 2023

Annual return

29.54%

+16.14 pp from 2023

Benchmarks

See 10,220 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort10,220 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$207K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+29.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2174

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 codes2E2F2J2T3D

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).
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$26K

$2371 / participant

Other / not subdivided$26K100.0%

% of EOY assets

1.050%

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

$207,010

$169,356+22.2%

$129,406+60.0%

$145,897+41.9%

Participation rate

81.8%

76.5%+5.3pp

69.6%+12.2pp

80.3%+1.5pp

Annual return

29.54%

14418.62%-14389.1pp

9468.18%-9438.6pp

552.29%-522.8pp

Employer contribution / active EE

$7,424

$5,542+34.0%

$4,155+78.7%

$4,663+59.2%

Participant deferral / active EE

$11,355

$4,987+127.7%

$4,167+172.5%

$6,689+69.7%

Admin fee / account holder

$2,174

$9,915-78.1%

$7,689-71.7%

$13,390-83.8%

EDGARTOWN YACHT CLUB PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDGARTOWN YACHT CLUB 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