Retirement plan

BRANDY LIBRARY LOUNGE LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: BRANDY LIBRARY LOUNGE LLC - BRANDY LIBRARY LOUNGE LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: BRANDY LIBRARY LOUNGE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRANDY LIBRARY LOUNGE LLC 401(K) PROFIT SHARING PLAN & TRUST, BRANDY LIBRARY LOUNGE LLC

BRANDY LIBRARY LOUNGE LLCEIN 04-3777618Plan #001PY 2024

25 N. MOORE STREET, FRONT 1 - NEW YORK, NY 100132460212-226-5545LinkedIn11-50 employeestelecommunications

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$192K

+39.8% from 2023

Total participants

0.0% from 2023

Average account balance

$24,060

+39.8% from 2023

Annual return

11.58%

-1.56 pp from 2023

Benchmarks

See 50,062 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort50,062 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$265K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

36.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2T3D

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.
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.

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

$24,060

$88,702-72.9%

$81,780-70.6%

$145,978-83.5%

Participation rate

22.7%

75.0%-52.3pp

72.4%-49.6pp

80.3%-57.6pp

Annual return

11.58%

1029.12%-1017.5pp

776.27%-764.7pp

550.52%-538.9pp

Employer contribution / active EE

$429

$3,084-86.1%

$2,914-85.3%

$4,662-90.8%

Participant deferral / active EE

$1,339

$4,645-71.2%

$4,321-69.0%

$6,690-80.0%

Admin fee / account holder

$8,414-100.0%

$7,384-100.0%

$13,400-100.0%

BRANDY LIBRARY LOUNGE LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BRANDY LIBRARY LOUNGE LLC 401(K) PROFIT SHARING PLAN & TRUST

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