Retirement plan

MIRBEAU INN & SPA 401(K) PROFIT SHARING PLAN

Name: MIRBEAU OF SKANEATELES LP DBA MIRBEAU INN & SPA - MIRBEAU INN & SPA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MIRBEAU OF SKANEATELES LP DBA MIRBEAU INN & SPA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIRBEAU INN & SPA 401(K) PROFIT SHARING PLAN, MIRBEAU OF SKANEATELES LP DBA MIRBEAU INN & SPA

MIRBEAU OF SKANEATELES LP DBA MIRBEAU INN & SPAEIN 16-1572392Plan #001PY 2024

851 WEST GENESEE STREET - SKANEATELES, NY 13152315-685-5006

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.8M

+60.4% from 2023

Total participants

452

+5.4% from 2023

Average account balance

$20,422

+34.8% from 2023

Annual return

24.31%

-2.50 pp from 2023

Benchmarks

See 940 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort940 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.82M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

138

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.

27.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$745K

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

+24.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
LAKE CITY BANK1 year Filed as: LAKE WATER CAPITAL, LLC - 932431595 Service code 99	Other Fees	$19,724
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 · EIN 82-4555287	Recordkeeping Fees	$12,301
PPS PENSION & FINANCIAL SERVICES1 year Service code 49	Other Services	$1,190
MORNINGSTAR1 year Filed as: MORNINGSTAR - 363297908 Service code 27	Advisory (Plan)	$159
LAKE WATER CAPITAL, LLC1 year Service code 99 · EIN 93-2431595	Other Fees	$0

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$32 / participant

Contract admin$14K100.0%

% of EOY assets

0.481%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DIMARCO, ABUISI & PASCARELLA
Auditor EIN: 161427749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,422

$29,546-30.9%

$56,441-63.8%

$77,671-73.7%

Participation rate

27.0%

32.7%-5.7pp

52.5%-25.5pp

70.6%-43.6pp

Annual return

24.31%

19.01%+5.3pp

1704.21%-1679.9pp

31.21%-6.9pp

Employer contribution / active EE

$619

$568+8.9%

$1,039-40.4%

$2,726-77.3%

Participant deferral / active EE

$1,114

$1,061+5.0%

$1,953-43.0%

$4,648-76.0%

Admin fee / account holder

$98

$1,046-90.6%

$2,829-96.5%

$430-77.2%

Provider

Service type

Compensation

LAKE CITY BANK1 year

Filed as: LAKE WATER CAPITAL, LLC - 932431595

Service code 99

Other Fees

$19,724

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64 · EIN 82-4555287

Recordkeeping Fees

$12,301

PPS PENSION & FINANCIAL SERVICES1 year

Service code 49

Other Services

$1,190

MORNINGSTAR1 year

Filed as: MORNINGSTAR - 363297908

Service code 27

Advisory (Plan)

$159

LAKE WATER CAPITAL, LLC1 year

Service code 99 · EIN 93-2431595

Other Fees

MIRBEAU INN & SPA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIRBEAU INN & SPA 401(K) PROFIT SHARING 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