Retirement plan

XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN

Name: XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN - XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN, XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN

XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLANEIN 04-2490725Plan #001PY 2024

830 W MAIN ST - HYANNIS, MA 026013425508-778-7889

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.4M

+23.3% from 2023

Total participants

-12.8% from 2023

Average account balance

$88,146

+28.3% from 2023

Annual return

17.49%

-4.98 pp from 2023

Benchmarks

See 9,342 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,342 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.94M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$470K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14427

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

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

$310K

$5260 / participant

Other / not subdivided$310K100.0%

% of EOY assets

7.042%

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

$88,146

$71,208+23.8%

$93,681-5.9%

$80,911+8.9%

Participation rate

69.5%

60.4%+9.1pp

68.7%+0.8pp

67.6%+1.8pp

Annual return

17.49%

11.27%+6.2pp

133.47%-116.0pp

35.63%-18.1pp

Employer contribution / active EE

$2,881

$1,564+84.1%

$2,422+18.9%

$2,756+4.5%

Participant deferral / active EE

$5,347

$4,035+32.5%

$4,415+21.1%

$4,297+24.4%

Admin fee / account holder

$6,207

$6,951-10.7%

$8,290-25.1%

$6,935-10.5%

XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

XIPHIAS ENTERPRISES, INC. 401(K) RETIREMENT 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