Retirement plan

SALARY SAVINGS PLAN FOR EMPLOYEES OF BORENSTEIN CATERERS, INC.

Name: BORENSTEIN CATERERS, INC. - SALARY SAVINGS PLAN FOR EMPLOYEES OF BORENSTEIN CATERERS, INC. (2023) Form 5500
Creator: BORENSTEIN CATERERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALARY SAVINGS PLAN FOR EMPLOYEES OF BORENSTEIN CATERERS, INC., BORENSTEIN CATERERS, INC.

BORENSTEIN CATERERS, INC.EIN 11-2230506Plan #003PY 2023

179-29 150TH RD - JAMAICA, NY 114345611718-656-3600bcelal.comLinkedIn1-10 employeesfood production

Other plans on this EIN

2 filings

#002Retirement-$332K assets #001Retirement-$46K assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$448K

+24.8% from 2022

Total participants

+20.0% from 2022

Average account balance

$37,340

+4.0% from 2022

Annual return

13.35%

+28.36 pp from 2022

Benchmarks

See 12,888 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort12,888 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$548K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

68.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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 codes2E2F2G2J3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$90

$11 / participant

Other / not subdivided$90100.0%

% of EOY assets

0.020%

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

$37,340

$81,763-54.3%

$58,561-36.2%

$139,466-73.2%

Participation rate

100.0%

61.3%+38.7pp

50.9%+49.1pp

80.3%+19.7pp

Annual return

13.35%

7427.77%-7414.4pp

4251.33%-4238.0pp

373.66%-360.3pp

Employer contribution / active EE

$1,398-100.0%

$1,053-100.0%

$4,754-100.0%

Participant deferral / active EE

$5,144

$2,555+101.4%

$1,923+167.5%

$6,712-23.4%

Admin fee / account holder

$3,273-99.8%

$2,520-99.7%

$11,409-99.9%

SALARY SAVINGS PLAN FOR EMPLOYEES OF BORENSTEIN CATERERS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALARY SAVINGS PLAN FOR EMPLOYEES OF BORENSTEIN CATERERS, INC.

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