Retirement plan

KINGSBURY CLUB MEDFIELD 401(K) SAVINGS PLAN

Name: KINGSBURY CLUB MEDFIELD, INC. - KINGSBURY CLUB MEDFIELD 401(K) SAVINGS PLAN (2022) Form 5500
Creator: KINGSBURY CLUB MEDFIELD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINGSBURY CLUB MEDFIELD 401(K) SAVINGS PLAN, KINGSBURY CLUB MEDFIELD, INC.

KINGSBURY CLUB MEDFIELD, INC.EIN 20-0809332Plan #001PY 2022

2 ICEHOUSE ROAD - MEDFIELD, MA 02052508-359-7800kingsburyclubmedfield.comLinkedIn11-50 employeesrecreational facilities and services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$390K

-13.1% from 2021

Total participants

+4.3% from 2021

Average account balance

$30,031

-13.1% from 2021

Annual return

-19.92%

-33.99 pp from 2021

Benchmarks

See 8,947 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort8,947 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$633K

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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

$55K

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

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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

1 tripped

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

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

$30,031

$152,597-80.3%

$117,533-74.4%

$134,532-77.7%

Participation rate

47.6%

77.1%-29.5pp

70.6%-23.0pp

81.2%-33.6pp

Annual return

-19.92%

53.04%-73.0pp

29.77%-49.7pp

418.27%-438.2pp

Employer contribution / active EE

$5,576-100.0%

$4,179-100.0%

$4,741-100.0%

Participant deferral / active EE

$1,458

$4,821-69.8%

$4,072-64.2%

$6,401-77.2%

Admin fee / account holder

$7,007-100.0%

$5,647-100.0%

$11,429-100.0%

KINGSBURY CLUB MEDFIELD 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KINGSBURY CLUB MEDFIELD 401(K) SAVINGS PLAN

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