Retirement plan

BRITANNIA ACQUISITION CORP 401K PROFIT SHARING PLAN AND TRUST

Name: BRITANNIA ACQUISITION CORP - BRITANNIA ACQUISITION CORP 401K PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: BRITANNIA ACQUISITION CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRITANNIA ACQUISITION CORP 401K PROFIT SHARING PLAN AND TRUST, BRITANNIA ACQUISITION CORP

BRITANNIA ACQUISITION CORPEIN 11-3168680Plan #001PY 2020

81 FORT SALONGA ROAD - NORTHPORT, NY 11768631-261-5600LinkedIn11-50 employeesrecreational facilities and services

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$172K

+38.0% from 2019

Total participants

+6.7% from 2019

Average account balance

$19,142

+38.0% from 2019

Annual return

16.12%

+3.55 pp from 2019

Benchmarks

See 7,661 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort7,661 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$115K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

46.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$773

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

+9.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9556

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$19,142

$176,402-89.1%

$134,162-85.7%

$158,966-88.0%

Participation rate

36.4%

78.7%-42.4pp

72.2%-35.8pp

82.0%-45.6pp

Annual return

16.12%

63.66%-47.5pp

36.35%-20.2pp

302.95%-286.8pp

Employer contribution / active EE

$5,042-100.0%

$3,705-100.0%

$4,762-100.0%

Participant deferral / active EE

$2,484

$4,093-39.3%

$3,500-29.0%

$5,983-58.5%

Admin fee / account holder

$8,719-100.0%

$6,685-100.0%

$11,250-100.0%

BRITANNIA ACQUISITION CORP 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BRITANNIA ACQUISITION CORP 401K PROFIT SHARING PLAN AND 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