Retirement plan

STATE ARTIST MANAGEMENT 401(K) RETIREMENT PLAN

Name: STATE ARTIST MANAGEMENT LLC - STATE ARTIST MANAGEMENT 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: STATE ARTIST MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATE ARTIST MANAGEMENT 401(K) RETIREMENT PLAN, STATE ARTIST MANAGEMENT LLC

STATE ARTIST MANAGEMENT LLCEIN 13-4148474Plan #001PY 2021

525 7TH AVENUE, SUITE 904 - NEW YORK, NY 10018212-944-8896

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.9M

-7.7% from 2020

Total participants

-8.3% from 2020

Average account balance

$89,136

+0.7% from 2020

Annual return

12.28%

-2.76 pp from 2020

Benchmarks

See 2,715 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.75M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

244.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$384K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1561

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

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

$1.2M

$26265 / participant

Other / not subdivided$1M100.0%

% of EOY assets

29.466%

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

$89,136

$58,714+51.8%

$142,874-37.6%

$85,856+3.8%

Participation rate

100.0%

58.5%+41.5pp

72.0%+28.0pp

69.3%+30.7pp

Annual return

12.28%

27.73%-15.4pp

5638.58%-5626.3pp

318.58%-306.3pp

Employer contribution / active EE

$3,231

$1,423+127.0%

$4,145-22.0%

$2,565+26.0%

Participant deferral / active EE

$3,774

$2,608+44.7%

$3,838-1.7%

$3,952-4.5%

Admin fee / account holder

$26,265

$4,241+519.3%

$6,561+300.3%

$6,261+319.5%

STATE ARTIST MANAGEMENT 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATE ARTIST MANAGEMENT 401(K) 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