Retirement plan

EATWELL 401(K) PLAN

Name: EATWELL ENTERPRISES, LP - EATWELL 401(K) PLAN (2020) Form 5500
Creator: EATWELL ENTERPRISES, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EATWELL 401(K) PLAN, EATWELL ENTERPRISES, LP

EATWELL ENTERPRISES, LPEIN 13-3944198Plan #001PY 2020

1600 RAIDERS WAY, SUITE 150 - HENDERSON, NV 89052702-845-3230

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.1M

-13.9% from 2019

Total participants

-76.3% from 2019

Average account balance

$42,303

+2.4% from 2019

Annual return

6.15%

-11.83 pp from 2019

Benchmarks

See 3,552 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,552 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.09M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

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

+10.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7932

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
AMERICAN FUNDS3 years Filed as: BAYBRIDGE CAPITAL GROUP LLC Service code 27 · EIN 47-5067434 6602 OWENS DR., SUITE 200 · PLEASANTON, CA 94588	Advisory (Plan)	$10,624
REDWOOD PENSIONS, LLC1 year Service code 15 · EIN 27-2431450 PO BOX 3409 · WALNUT CREEK, CA 94598	Recordkeeping	$10,261
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 4333 EDGEWOOD RD. NE · CEDAR RAPIDS, IA 52499	Recordkeeping	$10,261
AUDIT AND TAX SOLUTIONS1 year Filed as: AUDIT & TAX SOLUTIONS CPAS INC. Service code 10 · EIN 94-3211753 2239 MOORPARK AVE., STE. 100 · SAN JOSE, CA 95128	Accounting	$8,750

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$1260 / participant

Investment mgmt$15K43.9%
Contract admin$11K31.3%
Other / not subdivided$9K24.8%

% of EOY assets

1.127%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: AUDIT AND TAX SOLUTIONS CPAS, INC.
Auditor EIN: 943211753
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,303

$37,436+13.0%

$77,513-45.4%

$79,858-47.0%

Participation rate

39.3%

41.5%-2.2pp

54.2%-14.9pp

69.6%-30.3pp

Annual return

6.15%

39.75%-33.6pp

54.81%-48.7pp

31.72%-25.6pp

Employer contribution / active EE

$837

$637+31.4%

$987-15.1%

$2,471-66.1%

Participant deferral / active EE

$3,483

$1,261+176.3%

$1,861+87.2%

$3,740-6.9%

Admin fee / account holder

$477

$2,505-81.0%

$2,859-83.3%

$5,306-91.0%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Filed as: BAYBRIDGE CAPITAL GROUP LLC

Service code 27 · EIN 47-5067434

6602 OWENS DR., SUITE 200 · PLEASANTON, CA 94588

Advisory (Plan)

$10,624

REDWOOD PENSIONS, LLC1 year

Service code 15 · EIN 27-2431450

PO BOX 3409 · WALNUT CREEK, CA 94598

Recordkeeping

$10,261

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

4333 EDGEWOOD RD. NE · CEDAR RAPIDS, IA 52499

Recordkeeping

$10,261

AUDIT AND TAX SOLUTIONS1 year

Filed as: AUDIT & TAX SOLUTIONS CPAS INC.

Service code 10 · EIN 94-3211753

2239 MOORPARK AVE., STE. 100 · SAN JOSE, CA 95128

Accounting

$8,750

EATWELL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EATWELL 401(K) 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