Retirement plan

SAVON HATEM, LLC 401(K) PLAN AND TRUST

Name: SAVON HATEM, LLC - SAVON HATEM, LLC 401(K) PLAN AND TRUST (2023) Form 5500
Creator: SAVON HATEM, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVON HATEM, LLC 401(K) PLAN AND TRUST, SAVON HATEM, LLC

SAVON HATEM, LLCEIN 20-0524715Plan #001PY 2023

561 THOMAS B. LANDERS ROAD - EAST FALMOUTH, MA 02536508-540-4846

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$93K

+59.6% from 2022

Total participants

-30.8% from 2022

Average account balance

$13,239

+105.2% from 2022

Annual return

18.45%

+36.93 pp from 2022

Benchmarks

See 22,163 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,163 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$178K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$889

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$18K

$2236 / participant

Other / not subdivided$18K100.0%

% of EOY assets

19.305%

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

$13,239

$102,663-87.1%

$86,216-84.6%

$139,466-90.5%

Participation rate

75.0%

74.5%+0.5pp

69.0%+6.0pp

80.3%-5.3pp

Annual return

18.45%

1924.52%-1906.1pp

1169.42%-1151.0pp

373.66%-355.2pp

Employer contribution / active EE

$4,007

$3,035+32.1%

$2,382+68.3%

$4,754-15.7%

Participant deferral / active EE

$1,215

$4,677-74.0%

$3,986-69.5%

$6,712-81.9%

Admin fee / account holder

$2,556

$8,663-70.5%

$6,853-62.7%

$11,409-77.6%

SAVON HATEM, LLC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVON HATEM, LLC 401(K) PLAN AND TRUST

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