Retirement plan

TWIN OAKS, INC RETIREMENT PLAN

Name: TWIN OAKS, INC - TWIN OAKS, INC RETIREMENT PLAN (2022) Form 5500
Creator: TWIN OAKS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN OAKS, INC RETIREMENT PLAN, TWIN OAKS, INC

TWIN OAKS, INCEIN 05-0308275Plan #002PY 2022

100 SABRA STREET - CRANSTON, RI 02910401-781-0699twinoaksrest.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.7M

-7.8% from 2021

Total participants

152

+6.3% from 2021

Average account balance

$68,080

-8.7% from 2021

Annual return

-9.99%

-20.33 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.40M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

108

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$269K

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

+7.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1744

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

Top 4 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS8+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$26,234
SERGIO DECURTIS8+ years Filed as: SERGIO A. DECURTIS Service code 28 · EIN 05-0515232	Investment Management	$10,049
NEW ENGLAND INVESTMENT CONSULTANTS2 years Service code 27 · EIN 20-5493811	Advisory (Plan)	$7,370
MATRIX TRUST COMPANY3 years Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$6,700

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$53K

$486 / participant

Investment mgmt$10K19.0%
Contract admin$14K27.1%
Other / not subdivided$29K53.9%

% of EOY assets

0.786%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JARDIM & MAROTTA, LLC
Auditor EIN: 475415574
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,080

$26,549+156.4%

$61,501+10.7%

$66,949+1.7%

Participation rate

51.4%

38.1%+13.3pp

52.6%-1.2pp

69.8%-18.4pp

Annual return

-9.99%

-16.21%+6.2pp

339.04%-349.0pp

1.57%-11.6pp

Employer contribution / active EE

$346

$651-46.9%

$1,160-70.2%

$2,545-86.4%

Participant deferral / active EE

$1,817

$1,338+35.7%

$2,125-14.5%

$4,239-57.1%

Admin fee / account holder

$535

$409+30.9%

$2,132-74.9%

$594-9.9%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS8+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$26,234

SERGIO DECURTIS8+ years

Filed as: SERGIO A. DECURTIS

Service code 28 · EIN 05-0515232

Investment Management

$10,049

NEW ENGLAND INVESTMENT CONSULTANTS2 years

Service code 27 · EIN 20-5493811

Advisory (Plan)

$7,370

MATRIX TRUST COMPANY3 years

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$6,700

TWIN OAKS, INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN OAKS, INC 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